RLCBX Fees and Costs — Ryan Labs Core Bond Fund
Data updated: 2020-10-26
The net expense ratio is 0.40%: a 0.40% management fee plus 0.36% other expenses, less a 0.36% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 39%.
RLCBX Fees and Expenses
Annual operating expenses and sales charges of RLCBX. Prospectus, as of March 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 0.76% |
| Fee waiver | −0.36% |
| Net expense ratio | 0.40% |
| 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 |
RLCBX Costs Over Time
On $10,000 invested in RLCBX, assuming 5% a year before costs, total costs come to $253 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
RLCBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $76.8M
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
RLCBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $9.5M | 19.10% |
| CITIGROUP GLOBAL MARKETS, INC (WAS SSB) | $8.7M | 17.46% |
| J.P. MORGAN SECURITIES LLC | $6.7M | 13.46% |
| RBC CAPITAL MARKETS LLC | $5.5M | 11.05% |
| MIZUHO SECURITIES USA INC | $4.5M | 9.07% |
| ROBERT W. BAIRD and CO., INC. | $3.3M | 6.62% |
| CANTOR FITZGERALD and CO. | $3.3M | 6.57% |
| CITADEL SECURITIES INSTITUTIONAL, LLC | $3.0M | 6.03% |
| TD SECURITIES (USA) LLC | $2.7M | 5.38% |
| PERFORMANCE TRUST CAPITAL PARTNERS, LLC | $2.6M | 5.25% |
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.