RCNYX Fees and Costs — Rockefeller Intermediate Tax Exempt New York Bond Fund, Institutional Class
Data updated: 2022-06-27
The net expense ratio is 0.78%: a 0.35% management fee plus 0.43% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 23%.
RCNYX Fees and Expenses
Annual operating expenses and sales charges of RCNYX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.43% |
| Gross expense ratio | 0.78% |
| Fee waiver | — |
| Net expense ratio | 0.78% |
| 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 |
RCNYX Costs Over Time
On $10,000 invested in RCNYX, assuming 5% a year before costs, total costs come to $490 over 5 years, cutting the return by 0.82% 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 0.78%) | $82 | $256 | $445 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $269 | $490 |
| Value after costs | $10,418 | $11,307 | $12,273 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
RCNYX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $27.1M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
RCNYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $7.8M | 31.43% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $3.2M | 12.92% |
| WELLS FARGO SECURITIES LLC | $2.5M | 10.19% |
| OPPENHEIMER & CO. INC. | $2.1M | 8.54% |
| JANNEY MONTGOMERY SCOTT LLC | $2.0M | 8.09% |
| TRADEWEB DIRECT LLC | $2.0M | 7.98% |
| BARCLAYS CAPITAL INC. | $1.7M | 6.90% |
| TD SECURITIES (USA) LLC | $1.3M | 5.02% |
| STIFEL NICOLAUS & COMPANY INCORPORATED | $1.2M | 4.72% |
| RAYMOND JAMES & ASSOCIATES INC. | $1.1M | 4.22% |
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.