RYKCX Fees and Costs — Banking Fund, Class C
Data updated: 2026-08-28
The net expense ratio is 2.41%: a 0.85% management fee, a 1.00% 12b-1 fee plus 0.58% other expenses, less a 0.02% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $13K in broker commissions, 0.0942% of average net assets, and portfolio turnover was 233%.
RYKCX Fees and Expenses
Annual operating expenses and sales charges of RYKCX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 2.43% |
| Fee waiver | −0.02% |
| Net expense ratio | 2.41% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
RYKCX Costs Over Time
On $10,000 invested in RYKCX, assuming 5% a year before costs, total costs come to $1,520 over 5 years, cutting the return by 2.63% 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 2.41%) | $253 | $777 | $1,327 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $40 | $141 |
| Total costs | $365 | $848 | $1,520 |
| Value after costs | $10,135 | $10,728 | $11,243 |
| Impact on return, per year | 3.65% | 2.63% | 2.63% |
RYKCX 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): 0.0942%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $19.5M
- Portfolio turnover (prospectus): 233%
- Securities on loan, average value: $70K
- Net income from securities lending: $1K (0.009% of average net assets)
RYKCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $4K | 32.69% |
| INSTINET, LLC | $4K | 28.48% |
| BARCLAYS CAPITAL, INC. | $4K | 26.58% |
| CANTOR FITZGERALD & CO. | $2K | 11.99% |
| UBS Securities LLC | $36 | 0.26% |
RYKCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $10.0M | 51.35% |
| BOFA SECURITIES, INC. | $4.8M | 24.72% |
| BARCLAYS CAPITAL, INC. | $4.7M | 23.93% |
Banking Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RYKIX | Investor Class | 1.39% | — |
| RYBKX | Class A | 1.65% | 4.75% |
| RYKAX | Class H | 1.65% | — |
| RYKCX | Class C | 2.41% | 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.