TETIX Fees and Costs — RBC Enterprise Fund, Class I
Data updated: 2025-08-25
The net expense ratio is 1.12% (1.32% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $83K in broker commissions, 0.1233% of average net assets, and portfolio turnover was 41%.
TETIX Fees and Expenses
Annual operating expenses and sales charges of TETIX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.94% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.32% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.12% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
TETIX Costs Over Time
On $10,000 invested in TETIX, assuming 5% a year before costs, total costs come to $774 over 5 years, cutting the return by 1.31% 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 1.12%) | $118 | $366 | $633 |
| Trading costs (broker commissions) | $13 | $40 | $70 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $131 | $426 | $774 |
| Value after costs | $10,369 | $11,150 | $11,989 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
TETIX 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): 0.1233%
- Total broker commissions: $83K
- Bought from dealers (principal trades, not a cost): $24.8M
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
TETIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $35K | 42.68% |
| BOFA SECURITIES, INC. | $22K | 26.67% |
| Raymond James & Associates, Inc. | $7K | 8.12% |
| Pershing LLC | $6K | 7.57% |
| UBS Securities LLC | $5K | 6.05% |
| MORGAN STANLEY & CO. LLC | $2K | 2.80% |
| CITIGROUP GLOBAL MARKETS INC. | $2K | 2.74% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $2K | 1.96% |
| CANTOR FITZGERALD & CO. | $1K | 1.29% |
| LIQUIDNET, INC. | $91 | 0.11% |
TETIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC BlueBay U.S. Government Money Market Fund | $24.8M | 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.