RGVAX Fees and Costs — U.S. Government Securities Fund, Class R-1
Data updated: 2026-07-29
The net expense ratio is 1.33%: a 0.21% management fee, a 0.99% 12b-1 fee plus 0.13% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 720%.
RGVAX Fees and Expenses
Annual operating expenses and sales charges of RGVAX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.21% |
| 12b-1 fee | 0.99% |
| Other expenses | 0.13% |
| Gross expense ratio | 1.33% |
| Fee waiver | — |
| Net expense ratio | 1.33% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
RGVAX Costs Over Time
On $10,000 invested in RGVAX, assuming 5% a year before costs, total costs come to $826 over 5 years, cutting the return by 1.40% 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 1.33%) | $140 | $434 | $750 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $456 | $826 |
| Value after costs | $10,360 | $11,120 | $11,936 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
RGVAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $134.3B
- Portfolio turnover (prospectus): 720%
- Securities lending: none during the year
RGVAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $22.0B | 16.89% |
| Morgan Stanley & Co. LLC | $18.8B | 14.48% |
| Citigroup Global Markets Inc. | $18.6B | 14.27% |
| Barclays Bank PLC | $17.7B | 13.57% |
| Bank of America, N.A. | $17.3B | 13.29% |
| Wells Fargo Securities, LLC | $12.4B | 9.55% |
| Goldman Sachs & Co. LLC | $11.8B | 9.04% |
| Mizuho Bank, Ltd. | $7.3B | 5.59% |
| BNP Paribas | $2.2B | 1.72% |
| Citadel Securities Institutional LLC | $2.1B | 1.61% |
U.S. Government Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RGVGX | Class R-6 | 0.25% | none |
| USGFX | Class F-3 | 0.25% | none |
| FSUUX | Class 529-F-3 | 0.30% | none |
| RGVFX | Class R-5 | 0.30% | none |
| GVTFX | Class F-2 | 0.36% | none |
| FSUGX | Class 529-F-2 | 0.37% | none |
| RGVJX | Class R-5E | 0.40% | none |
| RGVEX | Class R-4 | 0.60% | none |
| TUSGX | Class T | 0.63% | none |
| AMUSX | Class A | 0.65% | none |
| CGTAX | Class 529-A | 0.65% | none |
| TSUGX | Class 529-T | 0.68% | none |
| UGSFX | Class F-1 | 0.68% | none |
| CGTFX | Class 529-F-1 | 0.74% | none |
| CGTEX | Class 529-E | 0.87% | none |
| RGVCX | Class R-3 | 0.89% | none |
| RGEVX | Class R-2E | 1.05% | none |
| RGVBX | Class R-2 | 1.32% | none |
| RGVAX | Class R-1 | 1.33% | none |
| UGSCX | Class C | 1.38% | none |
| CGTCX | Class 529-C | 1.43% | 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.