RMDFX Fees and Costs — Aspiriant Defensive Allocation Fund, N/a Class
Data updated: 2026-08-25
The net expense ratio is 5.15% (5.23% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $50 in broker commissions, and portfolio turnover was 5%.
RMDFX Fees and Expenses
Annual operating expenses and sales charges of RMDFX. Prospectus, as of August 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 5.23% |
| Fee waiver | −0.08% |
| Net expense ratio | 5.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
RMDFX Costs Over Time
On $10,000 invested in RMDFX, assuming 5% a year before costs, total costs come to $2,965 over 5 years, cutting the return by 5.41% 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 5.15%) | $541 | $1,616 | $2,682 |
| Lost growth on money paid in costs | $0 | $82 | $283 |
| Total costs | $541 | $1,698 | $2,965 |
| Value after costs | $9,959 | $9,878 | $9,798 |
| Impact on return, per year | 5.41% | 5.41% | 5.41% |
RMDFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $50
- Bought from dealers (principal trades, not a cost): $668.2M
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
RMDFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Charles Schwab & Co., Inc. | $50 | 100.00% |
RMDFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $464.9M | 69.58% |
| Direct Broker | $203.3M | 30.42% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.