RYSRX Fees and Costs — Long Short Equity Fund, Class P
Data updated: 2024-08-29
The net expense ratio is 1.81%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.66% 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%.
RYSRX Fees and Expenses
Annual operating expenses and sales charges of RYSRX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.66% |
| Gross expense ratio | 1.81% |
| Fee waiver | — |
| Net expense ratio | 1.81% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RYSRX Costs Over Time
On $10,000 invested in RYSRX, assuming 5% a year before costs, total costs come to $1,195 over 5 years, cutting the return by 2.05% 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 1.81%) | $190 | $587 | $1,008 |
| Trading costs (broker commissions) | $14 | $45 | $77 |
| Lost growth on money paid in costs | $0 | $31 | $111 |
| Total costs | $205 | $663 | $1,195 |
| Value after costs | $10,295 | $10,913 | $11,567 |
| Impact on return, per year | 2.05% | 2.05% | 2.05% |
RYSRX 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)
RYSRX 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% |
RYSRX 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.