RYAKX Fees and Costs — Russell 2000 1.5x Strategy Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.71% (1.81% before fee waivers). This share class carries a maximum front-end sales load of 4.75%. In fiscal 2026 the fund paid $830 in broker commissions, 0.0124% of average net assets, and portfolio turnover was 8%.
RYAKX Fees and Expenses
Annual operating expenses and sales charges of RYAKX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.62% |
| Gross expense ratio | 1.81% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.71% |
| 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 |
RYAKX Costs Over Time
On $10,000 invested in RYAKX, assuming 5% a year before costs, total costs come to $1,618 over 5 years, cutting the return by 2.81% 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 1.71%) | $171 | $530 | $911 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $24 | $101 | $225 |
| Total costs | $671 | $1,110 | $1,618 |
| Value after costs | $9,829 | $10,466 | $11,145 |
| Impact on return, per year | 6.71% | 3.47% | 2.81% |
RYAKX 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): 0.0124%
- Total broker commissions: $830
- Bought from dealers (principal trades, not a cost): $410.3M
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
RYAKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $477 | 57.42% |
| GOLDMAN SACHS & CO. LLC | $353 | 42.58% |
RYAKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $160.1M | 39.03% |
| BARCLAYS CAPITAL, INC. | $99.2M | 24.19% |
| BOFA SECURITIES, INC. | $91.8M | 22.38% |
| GOLDMAN SACHS & CO. LLC | $42.5M | 10.36% |
| BNP PARIBAS SECURITIES CORP. | $16.5M | 4.02% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $50K | 0.01% |
| BMO CAPITAL MARKETS CORP. | $49K | 0.01% |
| INSTINET, LLC | $484 | 0.00% |
Russell 2000 1.5x 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 |
|---|---|---|---|
| RYAKX | Class A | 1.71% | 4.75% |
| RYMKX | Class H | 1.71% | — |
| RYCMX | Class C | 2.42% | 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.