RYSAX Fees and Costs — Electronics Fund, Class H
Data updated: 2026-08-28
The net expense ratio is 1.65%: a 0.85% management fee, a 0.25% 12b-1 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 $18K in broker commissions, 0.0155% of average net assets, and portfolio turnover was 96%.
RYSAX Fees and Expenses
Annual operating expenses and sales charges of RYSAX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.68% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.65% |
| 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 |
RYSAX Costs Over Time
On $10,000 invested in RYSAX, assuming 5% a year before costs, total costs come to $1,028 over 5 years, cutting the return by 1.75% 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 1.65%) | $173 | $537 | $924 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $175 | $569 | $1,028 |
| Value after costs | $10,325 | $11,007 | $11,735 |
| Impact on return, per year | 1.75% | 1.75% | 1.75% |
RYSAX 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): 0.0155%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $198.1M
- Portfolio turnover (prospectus): 96%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $94K (0.080% of average net assets)
RYSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $7K | 38.83% |
| BTIG, LLC | $5K | 27.25% |
| BARCLAYS CAPITAL, INC. | $3K | 18.34% |
| CANTOR FITZGERALD & CO. | $2K | 11.58% |
| UBS Securities LLC | $586 | 3.22% |
| BOFA SECURITIES, INC. | $143 | 0.79% |
RYSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $91.3M | 46.09% |
| BOFA SECURITIES, INC. | $55.9M | 28.23% |
| BARCLAYS CAPITAL, INC. | $50.9M | 25.68% |
Electronics Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RYSIX | Investor Class | 1.39% | — |
| RYELX | Class A | 1.65% | 4.75% |
| RYSAX | Class H | 1.65% | — |
| RYSCX | 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.