RMIIX Fees and Costs — RiverFront Asset Allocation Moderate, Class I
Data updated: 2022-01-14
The net expense ratio is 0.77%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $1K in broker commissions, 0.0025% of average net assets, and portfolio turnover was 20%.
RMIIX Fees and Expenses
Annual operating expenses and sales charges of RMIIX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.77% |
| Fee waiver | — |
| Net expense ratio | 0.77% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RMIIX Costs Over Time
On $10,000 invested in RMIIX, assuming 5% a year before costs, total costs come to $485 over 5 years, cutting the return by 0.81% 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 0.77%) | $81 | $253 | $440 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $13 | $44 |
| Total costs | $81 | $266 | $485 |
| Value after costs | $10,419 | $11,310 | $12,277 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
RMIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0025%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $14.4M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
RMIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL LLC | $1K | 100.00% |
RMIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN DISTRIBUTION SERVICES, INC. | $4.0M | 27.58% |
| WALLACHBETH CAPITAL LLC | $2.7M | 18.65% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $2.6M | 18.33% |
| BOFA SECURITIES, INC. | $2.6M | 18.02% |
| JANE STREET CAPITAL, LLC | $2.5M | 17.41% |
RiverFront Asset Allocation Moderate Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RMIIX | Class I | 0.77% | none |
| RMIAX | Investor Shares | 1.02% | none |
| RMOAX | Class A | 1.02% | 5.50% |
| RMICX | Class C | 1.77% | 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.