RYJSX Fees and Costs — Japan 2x Strategy Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.54%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.57% other expenses, less a 0.03% fee waiver. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2026 the fund paid $4K in broker commissions, 0.2225% of average net assets, and portfolio turnover was 0%.
RYJSX Fees and Expenses
Annual operating expenses and sales charges of RYJSX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.57% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.54% |
| 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 |
RYJSX Costs Over Time
On $10,000 invested in RYJSX, assuming 5% a year before costs, total costs come to $1,640 over 5 years, cutting the return by 2.85% 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 1.54%) | $154 | $477 | $820 |
| Trading costs (broker commissions) | $22 | $69 | $118 |
| Lost growth on money paid in costs | $24 | $102 | $227 |
| Total costs | $675 | $1,123 | $1,640 |
| Value after costs | $9,825 | $10,454 | $11,122 |
| Impact on return, per year | 6.75% | 3.51% | 2.85% |
RYJSX 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): 0.2225%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $293.9M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
RYJSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $4K | 100.00% |
RYJSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $117.3M | 39.90% |
| BARCLAYS CAPITAL, INC. | $73.9M | 25.14% |
| BOFA SECURITIES, INC. | $71.1M | 24.20% |
| GOLDMAN SACHS & CO. LLC | $31.6M | 10.76% |
Japan 2x 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 |
|---|---|---|---|
| RYJSX | Class A | 1.54% | 4.75% |
| RYJHX | Class H | 1.56% | — |
| RYJTX | Class C | 2.27% | 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.