RYBIX Fees and Costs — Basic Materials Fund, Investor Class
Data updated: 2026-08-28
The net expense ratio is 1.40%: a 0.85% management fee plus 0.58% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $21K in broker commissions, 0.0713% of average net assets, and portfolio turnover was 49%.
RYBIX Fees and Expenses
Annual operating expenses and sales charges of RYBIX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.43% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
RYBIX Costs Over Time
On $10,000 invested in RYBIX, assuming 5% a year before costs, total costs come to $912 over 5 years, cutting the return by 1.54% 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 1.40%) | $147 | $456 | $788 |
| Trading costs (broker commissions) | $7 | $23 | $40 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $154 | $503 | $912 |
| Value after costs | $10,346 | $11,073 | $11,851 |
| Impact on return, per year | 1.54% | 1.54% | 1.54% |
RYBIX 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): 0.0713%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $42.4M
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $31K
- Net income from securities lending: $2K (0.006% of average net assets)
RYBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $5K | 25.79% |
| CANTOR FITZGERALD & CO. | $5K | 21.89% |
| BARCLAYS CAPITAL, INC. | $4K | 18.70% |
| INSTINET, LLC | $4K | 18.60% |
| BOFA SECURITIES, INC. | $3K | 14.95% |
| GOLDMAN SACHS & CO. LLC | $15 | 0.07% |
RYBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $19.6M | 46.10% |
| BOFA SECURITIES, INC. | $11.8M | 27.84% |
| BARCLAYS CAPITAL, INC. | $11.1M | 26.06% |
Basic Materials Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RYBIX | Investor Class | 1.40% | — |
| RYBAX | Class H | 1.65% | — |
| RYBMX | Class A | 1.65% | 4.75% |
| RYBCX | Class C | 2.40% | 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.