RYQTX Fees and Costs — Long Short Equity Fund, Institutional Class
Data updated: 2024-08-29
The net expense ratio is 1.54%: a 0.90% management fee plus 0.64% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $23K in broker commissions, 0.1377% of average net assets, and portfolio turnover was 394%.
RYQTX Fees and Expenses
Annual operating expenses and sales charges of RYQTX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.64% |
| Gross expense ratio | 1.54% |
| Fee waiver | — |
| Net expense ratio | 1.54% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RYQTX Costs Over Time
On $10,000 invested in RYQTX, assuming 5% a year before costs, total costs come to $1,035 over 5 years, cutting the return by 1.76% 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 1.54%) | $162 | $501 | $863 |
| Trading costs (broker commissions) | $14 | $45 | $77 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $176 | $573 | $1,035 |
| Value after costs | $10,324 | $11,003 | $11,728 |
| Impact on return, per year | 1.76% | 1.76% | 1.76% |
RYQTX 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)
RYQTX 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% |
RYQTX 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.