RYIPX Fees and Costs — Royce International Premier Fund, Service Class
Data updated: 2026-08-11
The net expense ratio is 1.44%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.48% other expenses, less a 0.29% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $310K in broker commissions, 0.2309% of average net assets, and portfolio turnover was 22%.
RYIPX Fees and Expenses
Annual operating expenses and sales charges of RYIPX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.73% |
| Fee waiver | −0.29% |
| Net expense ratio | 1.44% |
| 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 |
RYIPX Costs Over Time
On $10,000 invested in RYIPX, assuming 5% a year before costs, total costs come to $1,031 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 1.44%) | $151 | $468 | $807 |
| Trading costs (broker commissions) | $24 | $75 | $129 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $175 | $571 | $1,031 |
| Value after costs | $10,325 | $11,006 | $11,732 |
| Impact on return, per year | 1.75% | 1.75% | 1.75% |
RYIPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2309%
- Total broker commissions: $310K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
RYIPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Daiwa Capital Markets America Inc. | $73K | 35.04% |
| Berenberg Capital Markets LLC | $27K | 12.85% |
| Nomura Securities International, Inc. | $16K | 7.59% |
| Mediobanca Societa' di Gestione del Risparmio S.p.A. | $15K | 6.95% |
| Jefferies LLC | $14K | 6.72% |
| Oddo BHF SCA | $14K | 6.61% |
| Goldman Sachs & Co. LLC | $14K | 6.47% |
| Macquarie Capital (USA) Inc. | $13K | 6.14% |
| CACEIS Bank Deutschland GmbH | $13K | 5.99% |
| Panmure Liberum Inc. | $12K | 5.65% |
RYIPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.3B | 99.97% |
| Investec Securities (US) LLC | $349K | 0.03% |
Royce International Premier Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RIPIX | Institutional Class | 1.04% | none |
| RIPNX | Investment Class | 1.19% | none |
| RYIPX | Service Class | 1.44% | 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.