RTHSX Fees and Costs — Tax-Exempt High Yield Bond Fund, Class S
Data updated: 2026-09-25
The net expense ratio is 0.61%: a 0.47% management fee plus 0.29% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 22%.
RTHSX Fees and Expenses
Annual operating expenses and sales charges of RTHSX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.76% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.61% |
| 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 | No |
RTHSX Costs Over Time
On $10,000 invested in RTHSX, assuming 5% a year before costs, total costs come to $385 over 5 years, cutting the return by 0.64% 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 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $385 |
| Value after costs | $10,436 | $11,366 | $12,378 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
RTHSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $2.6B
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
RTHSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4K | 100.00% |
RTHSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.5B | 63.92% |
| BNY Capital Markets, LLC | $238.1M | 10.47% |
| J.P. Morgan Securities LLC | $170.1M | 7.48% |
| Barclays Capital Inc. | $75.4M | 3.32% |
| Jefferies LLC | $65.4M | 2.87% |
| Wells Fargo Securities, LLC | $64.5M | 2.84% |
| Morgan Stanley & Co. LLC | $55.8M | 2.45% |
| RBC Capital Markets, LLC | $54.7M | 2.41% |
| BofA Securities, Inc. | $53.9M | 2.37% |
| PNC Capital Markets LLC | $42.4M | 1.87% |
Tax-Exempt High Yield Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RHYTX | Class M | 0.54% | none |
| RTHSX | Class S | 0.61% | none |
| RTHAX | Class A | 0.89% | 3.75% |
| RTHCX | Class C | 1.64% | 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.