RYHDX Fees and Costs — High Yield Strategy Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.56% (1.61% before fee waivers). This share class carries a maximum front-end sales load of 4.75%. In fiscal 2026 the fund paid $20K in broker commissions, 0.0875% of average net assets, and portfolio turnover was 0%.
RYHDX Fees and Expenses
Annual operating expenses and sales charges of RYHDX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.59% |
| Gross expense ratio | 1.61% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.56% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| 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 | No |
RYHDX Costs Over Time
On $10,000 invested in RYHDX, assuming 5% a year before costs, total costs come to $1,575 over 5 years, cutting the return by 2.73% 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 | $475 | $475 | $475 |
| Fund expenses (net expense ratio 1.56%) | $156 | $484 | $833 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $24 | $100 | $221 |
| Total costs | $664 | $1,086 | $1,575 |
| Value after costs | $9,836 | $10,490 | $11,188 |
| Impact on return, per year | 6.64% | 3.39% | 2.73% |
RYHDX 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): 0.0875%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
RYHDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $13K | 63.95% |
| GOLDMAN SACHS & CO. LLC | $7K | 36.05% |
RYHDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $779.2M | 41.74% |
| BARCLAYS CAPITAL, INC. | $454.9M | 24.37% |
| BOFA SECURITIES, INC. | $412.3M | 22.09% |
| GOLDMAN SACHS & CO. LLC | $93.4M | 5.00% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $47.0M | 2.51% |
| BMO CAPITAL MARKETS CORP. | $28.0M | 1.50% |
| Daiwa Capital Markets America, Inc. | $16.6M | 0.89% |
| CitiGroup Global Markets Inc. | $16.0M | 0.86% |
| TD SECURITIES (USA) LLC | $11.0M | 0.59% |
| Mizuho Securities USA LLC | $8.6M | 0.46% |
High Yield Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RYHDX | Class A | 1.56% | 4.75% |
| RYHGX | Class H | 1.56% | — |
| RYHHX | Class C | 2.32% | 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.