RESAX Fees and Costs — RBC BlueBay Emerging Market Debt Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.04%: a 0.65% management fee, a 0.25% 12b-1 fee plus 45.92% other expenses, less a 45.78% fee waiver. This share class carries a maximum front-end sales load of 4.25%. In fiscal 2025 the fund paid $2K in broker commissions, 0.0018% of average net assets, and portfolio turnover was 90%.
RESAX Fees and Expenses
Annual operating expenses and sales charges of RESAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 45.92% |
| Gross expense ratio | 46.82% |
| Fee waiver | −45.78% |
| Net expense ratio | 1.04% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| 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 | Yes |
RESAX Costs Over Time
On $10,000 invested in RESAX, assuming 5% a year before costs, total costs come to $1,166 over 5 years, cutting the return by 1.99% 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 |
| Sales charges | $425 | $425 | $425 |
| Fund expenses (net expense ratio 1.04%) | $105 | $326 | $565 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $21 | $83 | $175 |
| Total costs | $551 | $835 | $1,166 |
| Value after costs | $9,949 | $10,741 | $11,597 |
| Impact on return, per year | 5.51% | 2.59% | 1.99% |
RESAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0018%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $428.0M
- Portfolio turnover (prospectus): 90%
- Securities lending: none during the year
RESAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $1K | 66.24% |
| MORGAN STANLEY & CO. LLC | $444 | 20.85% |
| GOLDMAN SACHS & CO. LLC | $142 | 6.67% |
| BNP PARIBAS SECURITIES CORP. | $133 | 6.24% |
RESAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC BlueBay U.S. Government Money Market Fund | $194.5M | 50.93% |
| CitiGroup Global Markets Inc. | $37.3M | 9.77% |
| GOLDMAN SACHS & CO. LLC | $33.5M | 8.77% |
| J.P. Morgan Securities LLC | $28.7M | 7.51% |
| BARCLAYS CAPITAL, INC. | $20.9M | 5.48% |
| MORGAN STANLEY & CO. LLC | $18.0M | 4.70% |
| JEFFERIES LLC | $13.4M | 3.50% |
| HSBC SECURITIES (USA), INC. | $12.9M | 3.37% |
| Jane Street Execution Services, LLC | $12.7M | 3.33% |
| BOFA SECURITIES, INC. | $10.1M | 2.63% |
RBC BlueBay Emerging Market Debt Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RBERX | Class R6 | 0.74% | none |
| RBESX | Class I | 0.79% | none |
| RESAX | Class A | 1.04% | 4.25% |
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.