RTXSX Fees and Costs — Tax-Managed Real Assets Fund, Class S
Data updated: 2026-09-25
The net expense ratio is 1.07%: a 0.85% management fee plus 0.31% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $576K in broker commissions, 0.0528% of average net assets, and portfolio turnover was 44%.
RTXSX Fees and Expenses
Annual operating expenses and sales charges of RTXSX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.07% |
| 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 |
RTXSX Costs Over Time
On $10,000 invested in RTXSX, assuming 5% a year before costs, total costs come to $701 over 5 years, cutting the return by 1.18% 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 1.07%) | $112 | $350 | $606 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $118 | $386 | $701 |
| Value after costs | $10,382 | $11,191 | $12,062 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
RTXSX 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): 0.0528%
- Total broker commissions: $576K
- Bought from dealers (principal trades, not a cost): $483.8M
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
RTXSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $170K | 31.54% |
| BofA Securities, Inc. | $114K | 21.22% |
| Jefferies LLC | $111K | 20.62% |
| Citigroup Global Markets Inc. | $37K | 6.82% |
| Nomura Securities International, Inc. | $35K | 6.56% |
| Virtu Americas LLC | $16K | 3.03% |
| Mirae Asset Securities (USA) Inc. | $15K | 2.84% |
| XP Investments US, LLC | $15K | 2.70% |
| Wells Fargo Securities, LLC | $13K | 2.40% |
| RBC Capital Markets, LLC | $12K | 2.26% |
RTXSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $483.8M | 100.00% |
Tax-Managed Real Assets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RTXMX | Class M | 0.97% | none |
| RTXSX | Class S | 1.07% | none |
| RTXAX | Class A | 1.32% | 5.75% |
| RTXCX | Class C | 2.07% | 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.