RYIIX Fees and Costs — Internet Fund, Investor Class
Data updated: 2026-08-28
The net expense ratio is 1.38%: a 0.85% management fee plus 0.57% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $7K in broker commissions, 0.0350% of average net assets, and portfolio turnover was 205%.
RYIIX Fees and Expenses
Annual operating expenses and sales charges of RYIIX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.42% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.38% |
| 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 |
RYIIX Costs Over Time
On $10,000 invested in RYIIX, assuming 5% a year before costs, total costs come to $878 over 5 years, cutting the return by 1.49% 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 1.38%) | $145 | $450 | $777 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $149 | $484 | $878 |
| Value after costs | $10,351 | $11,092 | $11,885 |
| Impact on return, per year | 1.49% | 1.49% | 1.49% |
RYIIX 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): 0.0350%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $35.3M
- Portfolio turnover (prospectus): 205%
- Securities on loan, average value: $22K
- Net income from securities lending: $1K (0.005% of average net assets)
RYIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $4K | 59.53% |
| BTIG, LLC | $2K | 28.58% |
| BARCLAYS CAPITAL, INC. | $421 | 5.70% |
| BOFA SECURITIES, INC. | $264 | 3.58% |
| CANTOR FITZGERALD & CO. | $193 | 2.61% |
RYIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $17.8M | 50.57% |
| BOFA SECURITIES, INC. | $8.9M | 25.34% |
| BARCLAYS CAPITAL, INC. | $8.5M | 24.09% |
Internet Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RYIIX | Investor Class | 1.38% | — |
| RYIAX | Class H | 1.65% | — |
| RYINX | Class A | 1.65% | 4.75% |
| RYICX | 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.