RMBPX Fees and Costs — RMB Japan Fund, Class I
Data updated: 2025-03-17
The net expense ratio is 1.30%: a 0.90% management fee plus 0.98% other expenses, less a 0.58% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $39K in broker commissions, 0.1556% of average net assets, and portfolio turnover was 52%.
RMBPX Fees and Expenses
Annual operating expenses and sales charges of RMBPX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.98% |
| Gross expense ratio | 1.88% |
| Fee waiver | −0.58% |
| Net expense ratio | 1.30% |
| 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 |
RMBPX Costs Over Time
On $10,000 invested in RMBPX, assuming 5% a year before costs, total costs come to $902 over 5 years, cutting the return by 1.53% 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 1.30%) | $136 | $424 | $732 |
| Trading costs (broker commissions) | $16 | $51 | $88 |
| Lost growth on money paid in costs | $0 | $24 | $83 |
| Total costs | $153 | $498 | $902 |
| Value after costs | $10,347 | $11,078 | $11,861 |
| Impact on return, per year | 1.53% | 1.53% | 1.53% |
RMBPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1556%
- Total broker commissions: $39K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
RMBPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $26K | 65.53% |
| INSTINET, LLC | $7K | 16.68% |
| MORGAN STANLEY & CO. LLC | $6K | 14.60% |
| SMBC NIKKO SECURITIES AMERICA, INC. | $989 | 2.51% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $267 | 0.68% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.