RPFIX Fees and Costs — Royce Premier Fund, Institutional Class
Data updated: 2026-08-11
The net expense ratio is 1.15%: a 1.00% management fee plus 0.15% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $401K in broker commissions, 0.0366% of average net assets, and portfolio turnover was 20%.
RPFIX Fees and Expenses
Annual operating expenses and sales charges of RPFIX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.15% |
| Fee waiver | — |
| Net expense ratio | 1.15% |
| 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 |
RPFIX Costs Over Time
On $10,000 invested in RPFIX, assuming 5% a year before costs, total costs come to $739 over 5 years, cutting the return by 1.25% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $407 | $739 |
| Value after costs | $10,375 | $11,169 | $12,023 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
RPFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0366%
- Total broker commissions: $401K
- Bought from dealers (principal trades, not a cost): $10.2B
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
RPFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Company, Incorporated | $91K | 32.13% |
| Liquidnet, Inc. | $47K | 16.56% |
| Goldman Sachs & Co. LLC | $38K | 13.44% |
| BofA Securities, Inc. | $25K | 8.67% |
| State Street Global Markets, LLC | $17K | 5.82% |
| UBS Securities LLC | $16K | 5.66% |
| J.P. Morgan Securities LLC | $13K | 4.73% |
| Stephens Inc. | $13K | 4.70% |
| TD Securities (USA) LLC | $12K | 4.28% |
| Needham & Company, LLC | $11K | 4.01% |
RPFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $10.2B | 100.00% |
Royce Premier Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RPFIX | Institutional Class | 1.15% | none |
| RYPRX | Investment Class | 1.22% | none |
| RAAFX | C000226581 | 1.49% | 5.25% |
| RPFFX | Service Class | 1.49% | none |
| RPRCX | Consultant Class | 2.24% | 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.