RMBVX Fees and Costs — RMB Quality Intermediate Tax-Exempt Municipal Fund, Class I
Data updated: 2026-08-19
The net expense ratio is 0.37% (0.71% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 1%.
RMBVX Fees and Expenses
Annual operating expenses and sales charges of RMBVX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.44% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.34% |
| Net expense ratio | 0.37% |
| 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 |
RMBVX Costs Over Time
On $10,000 invested in RMBVX, assuming 5% a year before costs, total costs come to $234 over 5 years, cutting the return by 0.39% 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 0.37%) | $39 | $122 | $213 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $128 | $234 |
| Value after costs | $10,461 | $11,448 | $12,528 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
RMBVX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $95.1M
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
RMBVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $46.0M | 48.74% |
| FIRST BALLANTYNE, LLC | $13.4M | 14.16% |
| MADISON WILLIAMS AND COMPANY | $11.3M | 12.01% |
| ROBERT W. BAIRD & CO. INCORPORATED | $10.7M | 11.29% |
| HILLTOP SECURITIES INC. | $4.7M | 4.96% |
| RAYMOND JAMES & ASSOCIATES INC. | $2.8M | 3.00% |
| VAN CLEMENS & CO. INCORPORATED | $2.3M | 2.47% |
| D.A. DAVIDSON & CO. | $2.2M | 2.36% |
| NATIONAL FINANCIAL SERVICES LLC | $479K | 0.51% |
| SUNTRUST ROBINSON HUMPHREY, INC. | $465K | 0.49% |
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.