RYHAX Fees and Costs — Health Care Fund, Class H
Data updated: 2026-08-28
The net expense ratio is 1.65%: a 0.85% management fee, a 0.25% 12b-1 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 $9K in broker commissions, 0.0454% of average net assets, and portfolio turnover was 116%.
RYHAX Fees and Expenses
Annual operating expenses and sales charges of RYHAX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.68% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.65% |
| 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 |
RYHAX Costs Over Time
On $10,000 invested in RYHAX, assuming 5% a year before costs, total costs come to $1,046 over 5 years, cutting the return by 1.78% 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 1.65%) | $173 | $537 | $924 |
| Trading costs (broker commissions) | $5 | $15 | $25 |
| Lost growth on money paid in costs | $0 | $27 | $97 |
| Total costs | $178 | $579 | $1,046 |
| Value after costs | $10,322 | $10,997 | $11,717 |
| Impact on return, per year | 1.78% | 1.78% | 1.78% |
RYHAX 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): 0.0454%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $29.2M
- Portfolio turnover (prospectus): 116%
- Securities on loan, average value: $87K
- Net income from securities lending: $2K (0.009% of average net assets)
RYHAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $4K | 38.92% |
| CANTOR FITZGERALD & CO. | $2K | 21.50% |
| ROTH CAPITAL PARTNERS, LLC | $2K | 18.90% |
| BTIG, LLC | $1K | 15.68% |
| BARCLAYS CAPITAL, INC. | $474 | 5.00% |
RYHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $14.1M | 48.39% |
| BOFA SECURITIES, INC. | $7.7M | 26.49% |
| BARCLAYS CAPITAL, INC. | $7.3M | 25.12% |
Health Care Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RYHIX | Investor Class | 1.40% | — |
| RYHAX | Class H | 1.65% | — |
| RYHEX | Class A | 1.65% | 4.75% |
| RYHCX | 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.