RFBSX Fees and Costs — Short Duration Bond Fund, Class S
Data updated: 2026-09-25
The net expense ratio is 0.52%: a 0.35% management fee plus 0.35% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $16K in broker commissions, 0.0036% of average net assets, and portfolio turnover was 113%.
RFBSX Fees and Expenses
Annual operating expenses and sales charges of RFBSX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 0.70% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.52% |
| 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 |
RFBSX Costs Over Time
On $10,000 invested in RFBSX, assuming 5% a year before costs, total costs come to $331 over 5 years, cutting the return by 0.55% 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 0.52%) | $55 | $171 | $298 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $181 | $331 |
| Value after costs | $10,445 | $11,395 | $12,432 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
RFBSX 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): 0.0036%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 113%
- Securities lending: none during the year
RFBSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $15K | 93.95% |
| HSBC Securities (USA) Inc. | $949 | 6.05% |
RFBSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $735.8M | 50.63% |
| BofA Securities, Inc. | $129.2M | 8.89% |
| J.P. Morgan Securities LLC | $125.1M | 8.61% |
| BMO Capital Markets Corp. | $89.7M | 6.17% |
| Morgan Stanley & Co. LLC | $77.5M | 5.33% |
| Barclays Capital Inc. | $76.4M | 5.26% |
| Goldman Sachs & Co. LLC | $62.1M | 4.27% |
| Citigroup Global Markets Inc. | $59.6M | 4.10% |
| Wells Fargo Securities, LLC | $58.0M | 3.99% |
| BNY Capital Markets, LLC | $39.9M | 2.75% |
Short Duration Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RSBYX | Class Y | 0.44% | none |
| RDBRX | Class R6 | 0.47% | none |
| RSDTX | Class M | 0.47% | none |
| RFBSX | Class S | 0.52% | none |
| RSBTX | Class A | 0.77% | 2.50% |
| RSBCX | Class C | 1.52% | 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.