RJVI Fees and Costs — RJ Eagle Vertical Income ETF
Data updated: 2026-08-27
The net expense ratio is 0.51%: a 0.50% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $86 in broker commissions, 0.0016% of average net assets, and portfolio turnover was 2%.
RJVI Fees and Expenses
Annual operating expenses and sales charges of RJVI. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.51% |
| Fee waiver | — |
| Net expense ratio | 0.51% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
RJVI Costs Over Time
On $10,000 invested in RJVI, assuming 5% a year before costs, total costs come to $323 over 5 years, cutting the return by 0.54% 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 0.51%) | $54 | $168 | $293 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $54 | $177 | $323 |
| Value after costs | $10,446 | $11,399 | $12,440 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
RJVI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0016%
- Total broker commissions: $86
- Bought from dealers (principal trades, not a cost): $8.1M
- Portfolio turnover (prospectus): 2%
- Securities lending: none during the year
RJVI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| EVERCORE GROUP LLC | $41 | 47.67% |
| JEFFERIES LLC | $20 | 23.26% |
| CLSA AMERICAS LLC | $12 | 13.95% |
| STIFEL NICOLAUS & COMPANY INCORPORATED | $5 | 5.81% |
| RBC CAPITAL MARKETS LLC | $5 | 5.81% |
| UBS SECURITIES LLC | $3 | 3.49% |
RJVI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $1.8M | 25.19% |
| MORGAN STANLEY & CO. LLC | $1.1M | 16.21% |
| GOLDMAN SACHS & CO. LLC | $1.0M | 14.43% |
| BOFA SECURITIES INC. | $882K | 12.55% |
| CITIGROUP GLOBAL MARKETS INC. | $513K | 7.30% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $456K | 6.49% |
| J.P. MORGAN SECURITIES LLC | $389K | 5.53% |
| MARKETAXESS CORPORATION | $377K | 5.36% |
| JANE STREET EXECUTION SERVICES LLC | $303K | 4.31% |
| WELLS FARGO SECURITIES LLC | $184K | 2.62% |
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.