SRCCX Fees and Costs — California Municipal Fund, Class C
Data updated: 2026-09-25
The net expense ratio is 1.67%: a 0.40% management fee, a 1.00% 12b-1 fee plus 0.27% other expenses. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 52%.
SRCCX Fees and Expenses
Annual operating expenses and sales charges of SRCCX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.67% |
| Fee waiver | — |
| Net expense ratio | 1.67% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SRCCX Costs Over Time
On $10,000 invested in SRCCX, assuming 5% a year before costs, total costs come to $1,031 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.67%) | $175 | $543 | $936 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $279 | $570 | $1,031 |
| Value after costs | $10,221 | $11,006 | $11,732 |
| Impact on return, per year | 2.79% | 1.75% | 1.75% |
SRCCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $671.0M
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
SRCCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $112.5M | 22.08% |
| INSPEREX LLC | $93.8M | 18.40% |
| J.P. MORGAN SECURITIES LLC | $91.0M | 17.86% |
| WELLS FARGO SECURITIES LLC | $42.3M | 8.29% |
| TD BANK FINANCIAL GROUP | $35.4M | 6.95% |
| MORGAN STANLEY & CO. LLC. | $34.7M | 6.82% |
| RBC DOMINION SECURITIES CORP. | $33.5M | 6.57% |
| ZIEGLER SECURITIES | $23.4M | 4.59% |
| GOLDMAN SACHS CO. | $23.3M | 4.57% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $19.7M | 3.87% |
California Municipal Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PCMFX | Institutional Class | 0.60% | none |
| SRCMX | Class A | 0.85% | 3.75% |
| SRCCX | Class C | 1.67% | 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.