RSVIX Fees and Costs — RBC Small Cap Value Fund, Class I
Data updated: 2025-08-25
The net expense ratio is 0.86%: a 0.70% management fee plus 0.96% other expenses, less a 0.81% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $43K in broker commissions, 0.1473% of average net assets, and portfolio turnover was 56%.
RSVIX Fees and Expenses
Annual operating expenses and sales charges of RSVIX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.96% |
| Gross expense ratio | 1.67% |
| Fee waiver | −0.81% |
| Net expense ratio | 0.86% |
| 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 |
RSVIX Costs Over Time
On $10,000 invested in RSVIX, assuming 5% a year before costs, total costs come to $630 over 5 years, cutting the return by 1.06% 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 0.86%) | $90 | $282 | $489 |
| Trading costs (broker commissions) | $15 | $48 | $84 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $346 | $630 |
| Value after costs | $10,394 | $11,230 | $12,133 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
RSVIX 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): 0.1473%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): $13.7M
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
RSVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $15K | 35.55% |
| BOFA SECURITIES, INC. | $11K | 25.40% |
| Pershing LLC | $4K | 9.63% |
| UBS Securities LLC | $3K | 8.00% |
| CITIGROUP GLOBAL MARKETS INC. | $3K | 5.92% |
| MORGAN STANLEY & CO. LLC | $2K | 5.40% |
| Raymond James & Associates, Inc. | $2K | 5.03% |
| CANTOR FITZGERALD & CO. | $1K | 2.49% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $875 | 2.04% |
| J.P. Morgan Securities LLC | $233 | 0.54% |
RSVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC BlueBay U.S. Government Money Market Fund | $13.7M | 100.00% |
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.