RTRIX Fees and Costs — Royce Small-Cap Total Return Fund, Institutional Class
Data updated: 2026-08-11
The net expense ratio is 1.02%: a 1.00% management fee plus 0.14% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.2M in broker commissions, 0.1328% of average net assets, and portfolio turnover was 59%.
RTRIX Fees and Expenses
Annual operating expenses and sales charges of RTRIX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.12% |
| Net expense ratio | 1.02% |
| 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 |
RTRIX Costs Over Time
On $10,000 invested in RTRIX, assuming 5% a year before costs, total costs come to $719 over 5 years, cutting the return by 1.21% 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 1.02%) | $107 | $334 | $578 |
| Trading costs (broker commissions) | $14 | $43 | $75 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $396 | $719 |
| Value after costs | $10,379 | $11,180 | $12,044 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
RTRIX 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): 0.1328%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $11.1B
- Portfolio turnover (prospectus): 59%
- Securities on loan, average value: $0
- Net income from securities lending: $9K (0.001% of average net assets)
RTRIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Liquidnet, Inc. | $235K | 28.24% |
| Stifel, Nicolaus & Company, Incorporated | $174K | 20.86% |
| Truist Securities, Inc. | $94K | 11.34% |
| BofA Securities, Inc. | $70K | 8.41% |
| UBS Securities LLC | $62K | 7.44% |
| Raymond James & Associates, Inc. | $47K | 5.69% |
| Stephens Inc. | $47K | 5.65% |
| CJS Securities, Inc. | $40K | 4.79% |
| Robert W. Baird & Co. Incorporated | $32K | 3.85% |
| Valley Financial Management, Inc. | $31K | 3.73% |
RTRIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $11.1B | 99.94% |
| Morgan Stanley & Co. LLC | $6.3M | 0.06% |
Royce Small-Cap Total Return Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RTRIX | Institutional Class | 1.02% | none |
| RYTRX | Investment Class | 1.23% | none |
| RYTFX | Service Class | 1.49% | none |
| RTRRX | R Class | 1.94% | none |
| RYTCX | 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.