REAYX Fees and Costs — Equity Income Fund, Class Y
Data updated: 2026-09-25
The net expense ratio is 0.67%: a 0.55% management fee plus 0.19% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $26K in broker commissions, 0.0152% of average net assets, and portfolio turnover was 25%.
REAYX Fees and Expenses
Annual operating expenses and sales charges of REAYX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.74% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.67% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
REAYX Costs Over Time
On $10,000 invested in REAYX, assuming 5% a year before costs, total costs come to $431 over 5 years, cutting the return by 0.72% 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 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $72 | $236 | $431 |
| Value after costs | $10,428 | $11,340 | $12,332 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
REAYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0152%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $76.1M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
REAYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $7K | 26.07% |
| BNY Capital Markets, LLC | $6K | 25.29% |
| Nomura Securities International, Inc. | $5K | 20.99% |
| Jefferies LLC | $4K | 14.08% |
| UBS Securities LLC | $2K | 5.85% |
| Goldman Sachs & Co. LLC | $1K | 4.29% |
| Citigroup Global Markets Inc. | $683 | 2.66% |
| Wells Fargo Securities, LLC | $198 | 0.77% |
REAYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $76.0M | 99.90% |
| Louisiana Court of Appeal, First Circuit | $79K | 0.10% |
Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| REAYX | Class Y | 0.67% | none |
| RUCRX | Class T | 0.70% | none |
| RAAUX | Class M | 0.77% | none |
| RLISX | Class S | 0.83% | none |
| RSQAX | Class A | 1.12% | 5.75% |
| REQSX | Class C | 1.87% | none |
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.