RYNHX Fees and Costs — Nova Fund, Class H
Data updated: 2026-08-28
The net expense ratio is 1.67% (1.71% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $103K in broker commissions, 0.0477% of average net assets, and portfolio turnover was 1047%.
RYNHX Fees and Expenses
Annual operating expenses and sales charges of RYNHX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.69% |
| Gross expense ratio | 1.71% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.67% |
| 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 |
RYNHX Costs Over Time
On $10,000 invested in RYNHX, assuming 5% a year before costs, total costs come to $1,059 over 5 years, cutting the return by 1.80% 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 1.67%) | $175 | $543 | $935 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $28 | $98 |
| Total costs | $180 | $586 | $1,059 |
| Value after costs | $10,320 | $10,990 | $11,704 |
| Impact on return, per year | 1.80% | 1.80% | 1.80% |
RYNHX 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): 0.0477%
- Total broker commissions: $103K
- Bought from dealers (principal trades, not a cost): $6.3B
- Portfolio turnover (prospectus): 1047%
- Securities on loan, average value: $30K
- Net income from securities lending: $1K (0.001% of average net assets)
RYNHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $68K | 65.77% |
| BOFA SECURITIES, INC. | $16K | 15.67% |
| BARCLAYS CAPITAL, INC. | $14K | 13.30% |
| GOLDMAN SACHS & CO. LLC | $5K | 5.20% |
| BTIG, LLC | $64 | 0.06% |
RYNHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $2.0B | 32.31% |
| BARCLAYS CAPITAL, INC. | $1.4B | 22.76% |
| J.P. Morgan Securities LLC | $1.4B | 22.15% |
| BOFA SECURITIES, INC. | $782.6M | 12.42% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $315.9M | 5.02% |
| BNP PARIBAS SECURITIES CORP. | $219.0M | 3.48% |
| BMO CAPITAL MARKETS CORP. | $51.2M | 0.81% |
| CitiGroup Global Markets Inc. | $44.0M | 0.70% |
| JEFFERIES LLC | $12.5M | 0.20% |
| CASTLEOAK SECURITIES, LP | $10.0M | 0.16% |
Nova Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RYNVX | Investor Class | 1.41% | — |
| RYNHX | Class H | 1.67% | — |
| RYANX | Class A | 1.68% | 4.75% |
| RYNCX | Class C | 2.43% | 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.