RYCSX Fees and Costs — Telecommunications Fund, Class C
Data updated: 2026-08-28
The net expense ratio is 2.42%: a 0.85% management fee, a 1.00% 12b-1 fee plus 0.60% other expenses, less a 0.03% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $23K in broker commissions, 0.2488% of average net assets, and portfolio turnover was 466%.
RYCSX Fees and Expenses
Annual operating expenses and sales charges of RYCSX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.60% |
| Gross expense ratio | 2.45% |
| Fee waiver | −0.03% |
| Net expense ratio | 2.42% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
RYCSX Costs Over Time
On $10,000 invested in RYCSX, assuming 5% a year before costs, total costs come to $1,615 over 5 years, cutting the return by 2.80% 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 | $102 | $0 | $0 |
| Fund expenses (net expense ratio 2.42%) | $254 | $779 | $1,328 |
| Trading costs (broker commissions) | $26 | $80 | $136 |
| Lost growth on money paid in costs | $0 | $43 | $150 |
| Total costs | $382 | $902 | $1,615 |
| Value after costs | $10,118 | $10,674 | $11,148 |
| Impact on return, per year | 3.82% | 2.80% | 2.80% |
RYCSX 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): 0.2488%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $12.3M
- Portfolio turnover (prospectus): 466%
- Securities on loan, average value: $345K
- Net income from securities lending: $2K (0.018% of average net assets)
RYCSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $8K | 34.84% |
| INSTINET, LLC | $8K | 34.67% |
| BTIG, LLC | $3K | 12.88% |
| CANTOR FITZGERALD & CO. | $2K | 10.67% |
| ROTH CAPITAL PARTNERS, LLC | $1K | 5.24% |
| BOFA SECURITIES, INC. | $387 | 1.71% |
RYCSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6.1M | 49.21% |
| BOFA SECURITIES, INC. | $3.2M | 26.09% |
| BARCLAYS CAPITAL, INC. | $3.0M | 24.70% |
Telecommunications Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RYMIX | Investor Class | 1.39% | — |
| RYTLX | Class A | 1.66% | 4.75% |
| RYMAX | Class H | 1.67% | — |
| RYCSX | 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.