RIOIX Fees and Costs — RBC International Opportunities Fund, Class I
Data updated: 2025-02-27
The net expense ratio is 0.83% (1.09% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $58K in broker commissions, 0.0535% of average net assets, and portfolio turnover was 37%.
RIOIX Fees and Expenses
Annual operating expenses and sales charges of RIOIX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.26% |
| Net expense ratio | 0.83% |
| 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 | Yes |
RIOIX Costs Over Time
On $10,000 invested in RIOIX, assuming 5% a year before costs, total costs come to $554 over 5 years, cutting the return by 0.93% 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $6 | $18 | $30 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $304 | $554 |
| Value after costs | $10,407 | $11,272 | $12,209 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
RIOIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0535%
- Total broker commissions: $58K
- Bought from dealers (principal trades, not a cost): $101.6M
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
RIOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America Corporation | $16K | 33.24% |
| GOLDMAN SACHS & CO. LLC | $8K | 16.23% |
| UBS Securities LLC | $6K | 11.42% |
| J.P. Morgan Securities LLC | $4K | 8.76% |
| MORGAN STANLEY & CO. LLC | $3K | 7.18% |
| CitiGroup Global Markets Inc. | $3K | 6.74% |
| JEFFERIES LLC | $2K | 4.53% |
| CLSA SINGAPORE PTE LTD | $2K | 4.45% |
| MACQUARIE CAPITAL (USA), INC. | $2K | 4.11% |
| INSTINET CORPORATION | $2K | 3.33% |
RIOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. Government Money Market Fund | $101.5M | 99.94% |
| GOLDMAN SACHS & CO. LLC | $61K | 0.06% |
| BNP PARIBAS SECURITIES CORP. | $4 | 0.00% |
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.