RYABX Fees and Costs — Government Long Bond 1.2x Strategy Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.28% (1.31% before fee waivers). This share class carries a maximum front-end sales load of 4.75%. In fiscal 2026 the fund paid $4K in broker commissions, 0.0104% of average net assets, and portfolio turnover was 1573%.
RYABX Fees and Expenses
Annual operating expenses and sales charges of RYABX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.54% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.28% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| 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 |
RYABX Costs Over Time
On $10,000 invested in RYABX, assuming 5% a year before costs, total costs come to $1,371 over 5 years, cutting the return by 2.36% 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 |
| Sales charges | $475 | $475 | $475 |
| Fund expenses (net expense ratio 1.28%) | $128 | $398 | $688 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $24 | $95 | $202 |
| Total costs | $628 | $971 | $1,371 |
| Value after costs | $9,872 | $10,605 | $11,392 |
| Impact on return, per year | 6.28% | 3.02% | 2.36% |
RYABX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0104%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 1573%
- Securities lending: none during the year
RYABX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $4K | 100.00% |
RYABX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Mizuho Securities USA LLC | $838.3M | 53.69% |
| J.P. Morgan Securities LLC | $257.6M | 16.50% |
| BARCLAYS CAPITAL, INC. | $201.6M | 12.91% |
| BOFA SECURITIES, INC. | $140.1M | 8.97% |
| GOLDMAN SACHS & CO. LLC | $120.9M | 7.74% |
| CASTLEOAK SECURITIES, LP | $3.0M | 0.19% |
Government Long Bond 1.2x Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RYGBX | Investor Class | 1.02% | — |
| RYABX | Class A | 1.28% | 4.75% |
| RYHBX | Class H | 1.28% | — |
| RYCGX | Class C | 2.02% | 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.