REBYX Fees and Costs — U.S. Small Cap Equity Fund, Class Y
Data updated: 2026-09-25
The net expense ratio is 0.91%: a 0.70% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $738K in broker commissions, 0.1089% of average net assets, and portfolio turnover was 85%.
REBYX Fees and Expenses
Annual operating expenses and sales charges of REBYX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| 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 |
REBYX Costs Over Time
On $10,000 invested in REBYX, assuming 5% a year before costs, total costs come to $637 over 5 years, cutting the return by 1.07% 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 0.91%) | $96 | $298 | $517 |
| Trading costs (broker commissions) | $11 | $36 | $62 |
| Lost growth on money paid in costs | $0 | $17 | $58 |
| Total costs | $107 | $350 | $637 |
| Value after costs | $10,393 | $11,226 | $12,126 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
REBYX 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): 0.1089%
- Total broker commissions: $738K
- Bought from dealers (principal trades, not a cost): $790.6M
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $16.9M
- Net income from securities lending: —
REBYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $291K | 39.75% |
| BNY Capital Markets, LLC | $185K | 25.32% |
| Nomura Securities International, Inc. | $94K | 12.89% |
| Jefferies LLC | $80K | 10.90% |
| Virtu Americas LLC | $31K | 4.20% |
| UBS Securities LLC | $21K | 2.86% |
| Citigroup Global Markets Inc. | $10K | 1.41% |
| Goldman Sachs & Co. LLC | $10K | 1.32% |
| Wells Fargo Securities, LLC | $8K | 1.14% |
| RBC Capital Markets, LLC | $1K | 0.20% |
REBYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $789.6M | 99.87% |
| Louisiana Court of Appeal, First Circuit | $1.0M | 0.13% |
| Virtu Americas LLC | $966 | 0.00% |
U.S. Small Cap Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| REBYX | Class Y | 0.91% | none |
| RSCRX | Class R6 | 0.94% | none |
| RUNTX | Class M | 0.97% | none |
| RLESX | Class S | 1.07% | none |
| RLACX | Class A | 1.36% | 5.75% |
| RLECX | Class C | 2.11% | 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.