RCFIX Fees and Costs — Rockefeller Core Taxable Bond Fund, Institutional Class
Data updated: 2022-06-27
The net expense ratio is 0.70%: a 0.35% management fee plus 0.35% other expenses. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $311 in broker commissions, 0.0004% of average net assets, and portfolio turnover was 50%.
RCFIX Fees and Expenses
Annual operating expenses and sales charges of RCFIX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.35% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RCFIX Costs Over Time
On $10,000 invested in RCFIX, assuming 5% a year before costs, total costs come to $441 over 5 years, cutting the return by 0.74% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $242 | $441 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
RCFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0004%
- Total broker commissions: $311
- Bought from dealers (principal trades, not a cost): $68.1M
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
RCFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MIZUHO SECURITIES USA LLC | $240 | 77.16% |
| Sanford C. Bernstein & Co. LLC | $71 | 22.84% |
RCFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD & CO. INCORPORATED | $15.3M | 27.77% |
| AMHERST PIERPONT SECURITIES LLC | $9.4M | 16.98% |
| GOLDMAN SACHS & CO. LLC | $8.8M | 15.91% |
| CITIGROUP GLOBAL MARKETS INC. | $5.0M | 9.09% |
| NOMURA SECURITIES INTERNATIONAL INC. | $4.9M | 8.92% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $3.7M | 6.68% |
| KEYBANC CAPITAL MARKETS INC. | $2.4M | 4.42% |
| TD SECURITIES (USA) LLC | $2.1M | 3.83% |
| WELLS FARGO SECURITIES LLC | $2.1M | 3.76% |
| LOOP CAPITAL MARKETS LLC | $1.4M | 2.63% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.