RMJAX Fees and Costs — Easterly RocMuni High Income Municipal Bond Fund, Class A
Data updated: 2026-07-20
The net expense ratio is 1.20%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.62% other expenses, less a 0.22% fee waiver. This share class carries a maximum front-end sales load of 2.00%. Portfolio turnover was 19%.
RMJAX Fees and Expenses
Annual operating expenses and sales charges of RMJAX. Prospectus, as of March 9, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.62% |
| Gross expense ratio | 1.42% |
| Fee waiver | −0.22% |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 2.00% |
| 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 |
RMJAX Costs Over Time
On $10,000 invested in RMJAX, assuming 5% a year before costs, total costs come to $988 over 5 years, cutting the return by 1.68% 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 |
| Sales charges | $200 | $200 | $200 |
| Fund expenses (net expense ratio 1.20%) | $123 | $384 | $665 |
| Lost growth on money paid in costs | $10 | $51 | $123 |
| Total costs | $333 | $635 | $988 |
| Value after costs | $10,167 | $10,941 | $11,775 |
| Impact on return, per year | 3.33% | 1.96% | 1.68% |
RMJAX 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
RMJAX 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.