RSEBX Fees and Costs — Smallcap World Fund INC, Class R-2E
Data updated: 2026-08-27
The net expense ratio is 1.45%: a 0.60% management fee, a 0.60% 12b-1 fee plus 0.25% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $27.4M in broker commissions, 0.0387% of average net assets, and portfolio turnover was 39%.
RSEBX Fees and Expenses
Annual operating expenses and sales charges of RSEBX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.60% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.45% |
| Fee waiver | — |
| Net expense ratio | 1.45% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RSEBX Costs Over Time
On $10,000 invested in RSEBX, assuming 5% a year before costs, total costs come to $922 over 5 years, cutting the return by 1.56% 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 1.45%) | $152 | $473 | $815 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $156 | $509 | $922 |
| Value after costs | $10,344 | $11,067 | $11,841 |
| Impact on return, per year | 1.56% | 1.56% | 1.56% |
RSEBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0387%
- Total broker commissions: $27.4M
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 39%
- Securities on loan, average value: $972.1M
- Net income from securities lending: $14.5M (0.021% of average net assets)
RSEBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies & Company Inc. | $2.4M | 17.16% |
| J.P. Morgan Securities LLC | $2.0M | 14.82% |
| Goldman Sachs & Co. LLC | $1.9M | 13.53% |
| UBS AG | $1.3M | 9.14% |
| Morgan Stanley & Co. LLC | $1.2M | 8.69% |
| Citigroup Global Markets Inc. | $1.2M | 8.38% |
| Barclays Bank PLC | $1.1M | 8.24% |
| Liquidnet Holdings, Inc. | $998K | 7.25% |
| Bank of America, N.A. | $888K | 6.45% |
| BTIG, LLC | $875K | 6.36% |
RSEBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $415.8M | 20.99% |
| Goldman Sachs & Co. LLC | $392.8M | 19.83% |
| Morgan Stanley & Co. LLC | $344.1M | 17.37% |
| Kotak Securities Limited | $202.5M | 10.22% |
| Bank of America, N.A. | $148.6M | 7.50% |
| Vietcap Securities Joint Stock Company | $108.8M | 5.49% |
| India Infoline Ltd. | $102.9M | 5.19% |
| Jefferies & Company Inc. | $95.5M | 4.82% |
| Citigroup Global Markets Inc. | $85.4M | 4.31% |
| RBC Capital Markets LLC | $84.7M | 4.28% |
Smallcap World Fund INC Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RLLGX | Class R-6 | 0.65% | none |
| SFCWX | Class F-3 | 0.65% | none |
| FSFWX | Class 529-F-3 | 0.70% | none |
| RSLFX | Class R-5 | 0.70% | none |
| FSWFX | Class 529-F-2 | 0.76% | none |
| SMCFX | Class F-2 | 0.76% | none |
| RSLDX | Class R-5E | 0.80% | none |
| RSLEX | Class R-4 | 1.00% | none |
| TSFFX | Class T | 1.01% | 2.50% |
| SMCWX | Class A | 1.03% | 5.75% |
| CSPAX | Class 529-A | 1.04% | 3.50% |
| SCWFX | Class F-1 | 1.07% | none |
| TWSFX | Class 529-T | 1.07% | 2.50% |
| CSPFX | Class 529-F-1 | 1.13% | none |
| CSPEX | Class 529-E | 1.25% | none |
| RSLCX | Class R-3 | 1.30% | none |
| RSEBX | Class R-2E | 1.45% | none |
| RSLAX | Class R-1 | 1.74% | none |
| RSLBX | Class R-2 | 1.74% | none |
| SCWCX | Class C | 1.77% | none |
| CSPCX | Class 529-C | 1.81% | 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.