RMBDX Fees and Costs — RMB Dividend Growth Fund, Class I
Data updated: 2020-05-28
The net expense ratio is 0.81%: a 0.65% management fee plus 0.55% other expenses, less a 0.39% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $1K in broker commissions, 0.0037% of average net assets, and portfolio turnover was 58%.
RMBDX Fees and Expenses
Annual operating expenses and sales charges of RMBDX. Prospectus, as of June 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.39% |
| Net expense ratio | 0.81% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
RMBDX Costs Over Time
On $10,000 invested in RMBDX, assuming 5% a year before costs, total costs come to $511 over 5 years, cutting the return by 0.85% 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 0.81%) | $85 | $266 | $462 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $280 | $511 |
| Value after costs | $10,415 | $11,296 | $12,252 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
RMBDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0037%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
RMBDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL NICOLAUS & COMPANY INCORPORATED | $565 | 44.45% |
| WILLIAM BLAIR | $371 | 29.19% |
| MKM PARTNERS LLC | $136 | 10.70% |
| KEEFE, BRUYETTE & WOODS, INC. | $74 | 5.82% |
| ROBERT W. BAIRD & CO. INCORPORATED | $70 | 5.51% |
| GOLDMAN SACHS & CO. LLC | $55 | 4.33% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.