RGCRX Fees and Costs — Opportunistic Credit Fund, Class R6
Data updated: 2026-09-25
The net expense ratio is 0.65%: a 0.58% management fee plus 0.21% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $31K in broker commissions, 0.0065% of average net assets, and portfolio turnover was 75%.
RGCRX Fees and Expenses
Annual operating expenses and sales charges of RGCRX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.65% |
| 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 |
RGCRX Costs Over Time
On $10,000 invested in RGCRX, assuming 5% a year before costs, total costs come to $413 over 5 years, cutting the return by 0.69% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $227 | $413 |
| Value after costs | $10,431 | $11,350 | $12,349 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
RGCRX 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): 0.0065%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
RGCRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $25K | 79.81% |
| Morgan Stanley & Co. LLC | $6K | 20.17% |
| State Street Bank and Trust Company | $7 | 0.02% |
RGCRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $722.8M | 60.56% |
| BofA Securities, Inc. | $76.0M | 6.37% |
| J.P. Morgan Securities LLC | $74.2M | 6.22% |
| Morgan Stanley & Co. LLC | $66.8M | 5.60% |
| Citigroup Global Markets Inc. | $65.9M | 5.52% |
| Barclays Capital Inc. | $46.8M | 3.93% |
| Goldman Sachs & Co. LLC | $42.9M | 3.59% |
| Jefferies LLC | $40.3M | 3.38% |
| HSBC Securities (USA) Inc. | $33.7M | 2.82% |
| BNY Capital Markets, LLC | $24.0M | 2.01% |
Opportunistic Credit Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RGCYX | Class Y | 0.62% | none |
| RGCRX | Class R6 | 0.65% | none |
| RGOTX | Class M | 0.65% | none |
| RGCSX | Class S | 0.70% | none |
| RGCAX | Class A | 0.95% | 3.75% |
| RGCCX | Class C | 1.70% | 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.