RYFSX Fees and Costs — Royce Global Financial Services Fund, Service Class
Data updated: 2024-08-12
The net expense ratio is 1.57% (1.99% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $11K in broker commissions, 0.0417% of average net assets, and portfolio turnover was 12%.
RYFSX Fees and Expenses
Annual operating expenses and sales charges of RYFSX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 1.99% |
| Fee waiver | −0.42% |
| Net expense ratio | 1.57% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | Yes |
RYFSX Costs Over Time
On $10,000 invested in RYFSX, assuming 5% a year before costs, total costs come to $996 over 5 years, cutting the return by 1.69% 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 1.57%) | $165 | $511 | $881 |
| Trading costs (broker commissions) | $4 | $14 | $23 |
| Lost growth on money paid in costs | $0 | $26 | $92 |
| Total costs | $169 | $551 | $996 |
| Value after costs | $10,331 | $11,025 | $11,767 |
| Impact on return, per year | 1.69% | 1.69% | 1.69% |
RYFSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0417%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $69.2M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
RYFSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Canaccord Genuity LLC | $2K | 19.80% |
| Stephens Inc. | $2K | 19.38% |
| National Bank of Canada Financial Inc. | $1K | 14.14% |
| TD Securities (USA) LLC | $992 | 11.24% |
| Truist Securities, Inc. | $756 | 8.57% |
| BofA Securities, Inc. | $683 | 7.74% |
| Liquidnet, Inc. | $484 | 5.48% |
| Stifel, Nicolaus & Company, Incorporated | $426 | 4.83% |
| Valley Financial Management, Inc | $418 | 4.73% |
| Nuvama Wealth Management Limited | $362 | 4.10% |
RYFSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $68.7M | 100.00% |
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.