RYEIX Fees and Costs — Energy Fund, Investor Class
Data updated: 2026-08-28
The net expense ratio is 1.41%: a 0.85% management fee plus 0.60% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $54K in broker commissions, 0.2614% of average net assets, and portfolio turnover was 500%.
RYEIX Fees and Expenses
Annual operating expenses and sales charges of RYEIX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.45% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.41% |
| 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 |
RYEIX Costs Over Time
On $10,000 invested in RYEIX, assuming 5% a year before costs, total costs come to $1,032 over 5 years, cutting the return by 1.75% 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 1.41%) | $148 | $459 | $790 |
| Trading costs (broker commissions) | $27 | $85 | $146 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $175 | $571 | $1,032 |
| Value after costs | $10,325 | $11,005 | $11,731 |
| Impact on return, per year | 1.75% | 1.75% | 1.75% |
RYEIX 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): 0.2614%
- Total broker commissions: $54K
- Bought from dealers (principal trades, not a cost): $27.2M
- Portfolio turnover (prospectus): 500%
- Securities on loan, average value: $629K
- Net income from securities lending: $4K (0.020% of average net assets)
RYEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $20K | 37.59% |
| CANTOR FITZGERALD & CO. | $20K | 37.49% |
| ROTH CAPITAL PARTNERS, LLC | $7K | 13.15% |
| INSTINET, LLC | $5K | 9.07% |
| BARCLAYS CAPITAL, INC. | $972 | 1.79% |
| UBS Securities LLC | $260 | 0.48% |
| GOLDMAN SACHS & CO. LLC | $172 | 0.32% |
| BOFA SECURITIES, INC. | $58 | 0.11% |
RYEIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $12.8M | 46.96% |
| BOFA SECURITIES, INC. | $7.5M | 27.59% |
| BARCLAYS CAPITAL, INC. | $6.9M | 25.45% |
Energy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RYEIX | Investor Class | 1.41% | — |
| RYEAX | Class H | 1.65% | — |
| RYENX | Class A | 1.65% | 4.75% |
| RYECX | 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.