RMHVX Fees and Costs — Easterly RocMuni High Income Municipal Bond Fund, Investor Class
Data updated: 2026-07-20
The net expense ratio is 1.42%: a 0.55% management fee, a 0.50% 12b-1 fee plus 0.55% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 19%.
RMHVX Fees and Expenses
Annual operating expenses and sales charges of RMHVX. Prospectus, as of March 9, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.60% |
| Fee waiver | −0.18% |
| Net expense ratio | 1.42% |
| 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 | Yes |
RMHVX Costs Over Time
On $10,000 invested in RMHVX, assuming 5% a year before costs, total costs come to $881 over 5 years, cutting the return by 1.49% 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 1.42%) | $149 | $463 | $800 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $149 | $486 | $881 |
| Value after costs | $10,351 | $11,090 | $11,882 |
| Impact on return, per year | 1.49% | 1.49% | 1.49% |
RMHVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $258.0M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
RMHVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE | $51.4M | 21.60% |
| FMSBONDS | $50.5M | 21.24% |
| D. A. DAVIDSON | $40.2M | 16.88% |
| PIPER SANDLER | $25.6M | 10.74% |
| ZIEGLER | $20.9M | 8.80% |
| WELLS FARGO BANK | $20.1M | 8.45% |
| STIFEL NICOLAUS | $12.5M | 5.26% |
| HERBERT J. SIMS & CO. INC. | $7.2M | 3.03% |
| RAYMOND JAMES | $4.9M | 2.07% |
| JEFFERIES GROUP | $4.6M | 1.94% |
Easterly RocMuni High Income Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RMHIX | Class I | 0.97% | none |
| RMJAX | Class A | 1.20% | 2.00% |
| RMHVX | Investor Class | 1.42% | none |
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.