RYLIX Fees and Costs — Leisure Fund, Investor Class
Data updated: 2026-08-28
The net expense ratio is 1.40%: a 0.85% management fee plus 0.58% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.0431% of average net assets, and portfolio turnover was 214%.
RYLIX Fees and Expenses
Annual operating expenses and sales charges of RYLIX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.43% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.40% |
| 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 |
RYLIX Costs Over Time
On $10,000 invested in RYLIX, assuming 5% a year before costs, total costs come to $895 over 5 years, cutting the return by 1.52% 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 1.40%) | $147 | $457 | $788 |
| Trading costs (broker commissions) | $5 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $152 | $494 | $895 |
| Value after costs | $10,348 | $11,082 | $11,868 |
| Impact on return, per year | 1.52% | 1.52% | 1.52% |
RYLIX 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): 0.0431%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $12.4M
- Portfolio turnover (prospectus): 214%
- Securities on loan, average value: $231K
- Net income from securities lending: $792 (0.009% of average net assets)
RYLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $2K | 46.74% |
| BTIG, LLC | $1K | 37.77% |
| CANTOR FITZGERALD & CO. | $585 | 15.49% |
RYLIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6.3M | 50.36% |
| BOFA SECURITIES, INC. | $3.1M | 25.18% |
| BARCLAYS CAPITAL, INC. | $3.0M | 24.46% |
Leisure Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RYLIX | Investor Class | 1.40% | — |
| RYLAX | Class H | 1.65% | — |
| RYLSX | Class A | 1.65% | 4.75% |
| RYLCX | 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.