RMSIX Fees and Costs — Easterly RocMuni Short Term Municipal Bond Fund, Class I
Data updated: 2026-01-29
The net expense ratio is 0.70%: a 0.45% management fee plus 0.53% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 99%.
RMSIX Fees and Expenses
Annual operating expenses and sales charges of RMSIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 0.98% |
| Fee waiver | −0.28% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
RMSIX Costs Over Time
On $10,000 invested in RMSIX, assuming 5% a year before costs, total costs come to $440 over 5 years, cutting the return by 0.73% 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 0.70%) | $74 | $230 | $400 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $440 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
RMSIX 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): $113.7M
- Portfolio turnover (prospectus): 99%
- Securities lending: none during the year
RMSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STIFEL NICOLAUS | $61.0M | 57.66% |
| ICE BOND SECURITIES CORPORATION | $11.8M | 11.14% |
| TRUIST SECURITIES | $7.9M | 7.47% |
| FMSBONDS | $5.2M | 4.91% |
| BANK OF AMERICA MERRILL LYNCH | $5.2M | 4.88% |
| WELLS FARGO BANK | $4.7M | 4.45% |
| CREWS & ASSOCIATES | $3.3M | 3.10% |
| OPPENHEIMER & CO | $2.9M | 2.75% |
| SAMCO CAPITAL MARKETS | $2.0M | 1.89% |
| MORGAN STANLEY SMITH BARNEY | $1.9M | 1.75% |
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.