RFTMX Fees and Costs — Ranger Micro Cap Fund
Data updated: 2026-10-13
The net expense ratio is 1.53%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.99% other expenses, less a 0.71% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $12K in broker commissions, 0.1042% of average net assets, and portfolio turnover was 49%.
RFTMX Fees and Expenses
Annual operating expenses and sales charges of RFTMX. Prospectus, as of December 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.99% |
| Gross expense ratio | 2.24% |
| Fee waiver | −0.71% |
| Net expense ratio | 1.53% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
RFTMX Costs Over Time
On $10,000 invested in RFTMX, assuming 5% a year before costs, total costs come to $1,009 over 5 years, cutting the return by 1.72% 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 1.53%) | $161 | $498 | $858 |
| Trading costs (broker commissions) | $11 | $34 | $58 |
| Lost growth on money paid in costs | $0 | $26 | $93 |
| Total costs | $172 | $558 | $1,009 |
| Value after costs | $10,328 | $11,018 | $11,753 |
| Impact on return, per year | 1.72% | 1.72% | 1.72% |
RFTMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1042%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 49%
RFTMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $3K | 20.41% |
| BTIG, LLC | $2K | 15.02% |
| WILLIAM BLAIR | $2K | 14.78% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $2K | 12.05% |
| LIQUIDNET, INC. | $1K | 9.50% |
| JONESTRADING | $1K | 7.92% |
| VIRTU AMERICAS LLC | $1K | 7.89% |
| STEPHENS | $681 | 5.02% |
| NEEDHAM & COMPANY, LLC | $529 | 3.90% |
| PIPER SANDLER & CO. | $474 | 3.50% |
Ranger Micro Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RFIMX | Institutional Class | 1.28% | — |
| RFTMX | C000104513 | 1.53% | — |
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.