RTIUX Fees and Costs — Tax-Managed International Equity Fund, Class M
Data updated: 2026-09-25
The net expense ratio is 0.94%: a 0.81% management fee plus 0.30% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.3M in broker commissions, 0.0510% of average net assets, and portfolio turnover was 29%.
RTIUX Fees and Expenses
Annual operating expenses and sales charges of RTIUX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.94% |
| 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 |
RTIUX Costs Over Time
On $10,000 invested in RTIUX, assuming 5% a year before costs, total costs come to $620 over 5 years, cutting the return by 1.04% 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 0.94%) | $99 | $308 | $534 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $341 | $620 |
| Value after costs | $10,396 | $11,235 | $12,143 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
RTIUX 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): 0.0510%
- Total broker commissions: $2.3M
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
RTIUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $483K | 22.99% |
| Jefferies LLC | $322K | 15.31% |
| CLSA Americas, LLC | $297K | 14.13% |
| Goldman Sachs & Co. LLC | $271K | 12.91% |
| Nomura Securities International, Inc. | $210K | 10.02% |
| BNY Capital Markets, LLC | $186K | 8.87% |
| Citigroup Global Markets Inc. | $142K | 6.76% |
| Macquarie Capital (USA) Inc. | $115K | 5.48% |
| Mirae Asset Securities (USA) Inc. | $41K | 1.97% |
| XP Investments US, LLC | $33K | 1.56% |
RTIUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.8B | 99.86% |
| Louisiana Court of Appeal, First Circuit | $2.1M | 0.12% |
| J.P. Morgan Securities LLC | $266K | 0.02% |
Tax-Managed International Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RTIUX | Class M | 0.94% | none |
| RTNSX | Class S | 1.04% | none |
| RTNAX | Class A | 1.29% | 5.75% |
| RTNCX | Class C | 2.04% | 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.