RIVRX Fees and Costs — Riverbridge Growth Fund, Investor Class
Data updated: 2026-07-28
The net expense ratio is 1.21%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.31% other expenses, less a 0.10% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $27K in broker commissions, 0.0136% of average net assets, and portfolio turnover was 7%.
RIVRX Fees and Expenses
Annual operating expenses and sales charges of RIVRX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
RIVRX Costs Over Time
On $10,000 invested in RIVRX, assuming 5% a year before costs, total costs come to $762 over 5 years, cutting the return by 1.28% 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 1.21%) | $127 | $395 | $684 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $128 | $420 | $762 |
| Value after costs | $10,372 | $11,156 | $12,001 |
| Impact on return, per year | 1.28% | 1.28% | 1.28% |
RIVRX 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): 0.0136%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
RIVRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $7K | 25.49% |
| SANFORD C. BERNSTEIN & CO., LLC | $6K | 20.40% |
| WELLS FARGO CLEARING SERVICES, LLC | $5K | 19.14% |
| WILLIAM BLAIR & COMPANY L.L.C. | $5K | 17.49% |
| J.P. MORGAN SECURITIES LLC | $3K | 10.97% |
| JEFFERIES LLC | $1K | 5.24% |
| KEYBANC CAPITAL MARKETS INC. | $346 | 1.27% |
Riverbridge Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RIVBX | Institutional Class | 0.96% | none |
| RIVRX | Investor Class | 1.21% | 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.