RFTSX Fees and Costs — Ranger Small Cap Fund
Data updated: 2026-10-13
The net expense ratio is 1.40%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.57% other expenses, less a 0.42% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $18K in broker commissions, 0.0890% of average net assets, and portfolio turnover was 49%.
RFTSX Fees and Expenses
Annual operating expenses and sales charges of RFTSX. Prospectus, as of December 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.82% |
| Fee waiver | −0.42% |
| Net expense ratio | 1.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
RFTSX Costs Over Time
On $10,000 invested in RFTSX, assuming 5% a year before costs, total costs come to $922 over 5 years, cutting the return by 1.56% 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 1.40%) | $147 | $456 | $787 |
| Trading costs (broker commissions) | $9 | $29 | $50 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $156 | $509 | $922 |
| Value after costs | $10,344 | $11,067 | $11,841 |
| Impact on return, per year | 1.56% | 1.56% | 1.56% |
RFTSX 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): 0.0890%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 49%
RFTSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $4K | 17.87% |
| WILLIAM BLAIR | $4K | 16.93% |
| LIQUIDNET, INC. | $4K | 16.63% |
| VIRTU AMERICAS LLC | $3K | 14.41% |
| JEFFERIES LLC | $3K | 13.17% |
| BTIG, LLC | $1K | 5.08% |
| STEPHENS | $1K | 4.62% |
| PIPER SANDLER & CO. | $890 | 4.11% |
| OPPENHEIMER & CO. INC. | $789 | 3.64% |
| STRATEGAS SECURITIES, LLC DBA STRATEGAS RESEARCH PARTNERS | $765 | 3.53% |
Ranger Small 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 |
|---|---|---|---|
| RFISX | Institutional Class | 1.15% | — |
| RFTSX | C000104512 | 1.40% | — |
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.