TEEAX Fees and Costs — RBC Small Cap Core Fund, Class A
Data updated: 2025-08-25
The net expense ratio is 1.11%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.66% other expenses, less a 0.51% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $37K in broker commissions, 0.0863% of average net assets, and portfolio turnover was 37%.
TEEAX Fees and Expenses
Annual operating expenses and sales charges of TEEAX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.66% |
| Gross expense ratio | 1.62% |
| Fee waiver | −0.51% |
| Net expense ratio | 1.11% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TEEAX Costs Over Time
On $10,000 invested in TEEAX, assuming 5% a year before costs, total costs come to $1,436 over 5 years, cutting the return by 2.48% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.11%) | $110 | $342 | $592 |
| Trading costs (broker commissions) | $9 | $27 | $46 |
| Lost growth on money paid in costs | $29 | $109 | $223 |
| Total costs | $722 | $1,053 | $1,436 |
| Value after costs | $9,778 | $10,524 | $11,326 |
| Impact on return, per year | 7.22% | 3.28% | 2.48% |
TEEAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0863%
- Total broker commissions: $37K
- Bought from dealers (principal trades, not a cost): $20.2M
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
TEEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $11K | 29.35% |
| BOFA SECURITIES, INC. | $10K | 28.50% |
| UBS Securities LLC | $5K | 13.07% |
| Pershing LLC | $5K | 12.56% |
| Raymond James & Associates, Inc. | $2K | 5.92% |
| MORGAN STANLEY & CO. LLC | $1K | 4.06% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $1K | 2.79% |
| CITIGROUP GLOBAL MARKETS INC. | $877 | 2.40% |
| SANFORD C. BERNSTEIN & CO., INC. | $294 | 0.80% |
| CANTOR FITZGERALD & CO. | $197 | 0.54% |
TEEAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC BlueBay U.S. Government Money Market Fund | $20.2M | 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.