RIGS Fees and Costs — RiverFront Strategic Income Fund
Data updated: 2026-07-29
The net expense ratio is 0.45%. There are no sales loads or redemption fees. Portfolio turnover was 18%.
RIGS Fees and Expenses
Annual operating expenses and sales charges of RIGS. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RIGS Costs Over Time
On $10,000 invested in RIGS, assuming 5% a year before costs, total costs come to $285 over 5 years, cutting the return by 0.47% 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 0.45%) | $47 | $148 | $259 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $285 |
| Value after costs | $10,453 | $11,421 | $12,478 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
RIGS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $71.6M
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
RIGS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN DISTRIBUTION SERVICES, INC. | $47.2M | 67.84% |
| MARKETAXESS CORPORATION | $6.3M | 9.03% |
| JEFFERIES LLC | $3.9M | 5.59% |
| GOLDMAN SACHS & CO. LLC | $3.0M | 4.26% |
| MORGAN STANLEY | $2.0M | 2.90% |
| BARCLAYS CAPITAL INC. | $2.0M | 2.89% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $1.7M | 2.44% |
| JANE STREET CAPITAL, LLC | $1.5M | 2.14% |
| MILLENNIUM ADVISORS, LLC | $1.0M | 1.46% |
| WELLS FARGO SECURITIES, LLC | $1.0M | 1.44% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.