RHJSX Fees and Costs — Rice Hall James Micro Cap Portfolio, Institutional Class
Data updated: 2026-01-14
The net expense ratio is 1.25%: a 0.75% management fee plus 1.90% other expenses, less a 1.40% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $38K in broker commissions, 0.2361% of average net assets, and portfolio turnover was 35%.
RHJSX Fees and Expenses
Annual operating expenses and sales charges of RHJSX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 1.90% |
| Gross expense ratio | 2.65% |
| Fee waiver | −1.40% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
RHJSX Costs Over Time
On $10,000 invested in RHJSX, assuming 5% a year before costs, total costs come to $921 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 1.25%) | $131 | $407 | $703 |
| Trading costs (broker commissions) | $25 | $77 | $133 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $156 | $508 | $921 |
| Value after costs | $10,344 | $11,068 | $11,842 |
| Impact on return, per year | 1.56% | 1.56% | 1.56% |
RHJSX 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): 0.2361%
- Total broker commissions: $38K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
RHJSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen | $7K | 22.56% |
| Virtu Financial LLC | $5K | 15.53% |
| William Blair and Co. | $4K | 13.86% |
| Needham and Co. | $3K | 8.57% |
| Morgan Stanley & Co. | $2K | 7.79% |
| Stonex Group | $2K | 7.54% |
| Stifel Nicolaus & Co, | $2K | 7.38% |
| Craig Hallum | $2K | 6.53% |
| Jefferies LLC | $2K | 6.04% |
| B Riley and Co. | $1K | 4.19% |
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.