RMRKX Fees and Costs — Rimrock Core Bond Fund, Investor Class
Data updated: 2023-04-20
The net expense ratio is 0.65%: a 0.30% management fee, a 0.25% 12b-1 fee plus 2.58% other expenses, less a 2.48% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 38%.
RMRKX Fees and Expenses
Annual operating expenses and sales charges of RMRKX. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.58% |
| Gross expense ratio | 3.13% |
| Fee waiver | −2.48% |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
RMRKX Costs Over Time
On $10,000 invested in RMRKX, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% 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 |
| Fund expenses (net expense ratio 0.65%) | $68 | $214 | $372 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
RMRKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $17.8M
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
RMRKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $5.7M | 35.30% |
| BARCLAYS CAPITAL INC. | $4.2M | 25.94% |
| J.P. MORGAN SECURITIES LLC | $1.5M | 9.12% |
| MARKETAXESS CORPORATION | $1.0M | 6.32% |
| BNP Paribas | $918K | 5.69% |
| ZEUS Financial, LLC | $837K | 5.19% |
| Performance Trust | $758K | 4.70% |
| Stephens, Inc | $615K | 3.82% |
| GOLDMAN SACHS & CO. LLC | $327K | 2.03% |
| Deutsche Bank | $302K | 1.88% |
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.