RYISX Fees and Costs — Long Short Equity Fund, Class C
Data updated: 2024-08-29
The net expense ratio is 2.74%: a 0.90% management fee, a 1.00% 12b-1 fee plus 0.84% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2024 the fund paid $23K in broker commissions, 0.1377% of average net assets, and portfolio turnover was 394%.
RYISX Fees and Expenses
Annual operating expenses and sales charges of RYISX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.84% |
| Gross expense ratio | 2.74% |
| Fee waiver | — |
| Net expense ratio | 2.74% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RYISX Costs Over Time
On $10,000 invested in RYISX, assuming 5% a year before costs, total costs come to $1,734 over 5 years, cutting the return by 3.02% 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 | $102 | $0 | $0 |
| Fund expenses (net expense ratio 2.74%) | $288 | $880 | $1,497 |
| Trading costs (broker commissions) | $14 | $44 | $75 |
| Lost growth on money paid in costs | $0 | $46 | $162 |
| Total costs | $404 | $971 | $1,734 |
| Value after costs | $10,096 | $10,605 | $11,029 |
| Impact on return, per year | 4.04% | 3.02% | 3.02% |
RYISX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1377%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $210K
- Portfolio turnover (prospectus): 394%
- Securities on loan, average value: $7K
- Net income from securities lending: $111 (0.001% of average net assets)
RYISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $19K | 85.67% |
| Citigroup Global Markets Inc. | $3K | 12.98% |
| Morgan Stanley & Co. LLC | $297 | 1.32% |
| WILLIAM BLAIR | $5 | 0.02% |
| BLOOMBERG TRADEBOOK LLC | $2 | 0.01% |
RYISX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $210K | 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.