TFIFX Fees and Costs — T. Rowe Price Financial Services Fund, Inc., I Class
Data updated: 2026-08-27
The net expense ratio is 0.71% (0.72% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $501K in broker commissions, 0.0254% of average net assets, and portfolio turnover was 45%.
TFIFX Fees and Expenses
Annual operating expenses and sales charges of TFIFX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.72% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.71% |
| 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 | Yes |
TFIFX Costs Over Time
On $10,000 invested in TFIFX, assuming 5% a year before costs, total costs come to $462 over 5 years, cutting the return by 0.77% 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 0.71%) | $75 | $233 | $406 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $254 | $462 |
| Value after costs | $10,423 | $11,323 | $12,300 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
TFIFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0254%
- Total broker commissions: $501K
- Bought from dealers (principal trades, not a cost): $51.0M
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $8.0M
- Net income from securities lending: $104K (0.005% of average net assets)
TFIFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $44K | 14.89% |
| JEFFERIES LLC | $43K | 14.72% |
| Jane Street Execution Services, LLC | $32K | 10.92% |
| Citigroup Inc. | $32K | 10.82% |
| Virtu ITG Hong Kong Limited | $27K | 9.04% |
| TD Securities Ltd. | $25K | 8.37% |
| GOLDMAN SACHS & CO. LLC | $24K | 8.15% |
| BARCLAYS CAPITAL INC. | $24K | 8.02% |
| J.P. MORGAN SECURITIES LLC | $23K | 7.76% |
| RAYMOND JAMES & ASSOCIATES, INC. | $22K | 7.33% |
TFIFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $10.9M | 30.08% |
| GOLDMAN SACHS & CO. LLC | $5.5M | 15.26% |
| MORGAN STANLEY & CO. LLC | $5.0M | 13.86% |
| Citigroup Inc. | $3.1M | 8.63% |
| BARCLAYS CAPITAL INC. | $2.3M | 6.41% |
| TD Securities Ltd. | $2.2M | 6.14% |
| RBC Capital Markets, LLC | $2.0M | 5.63% |
| JEFFERIES LLC | $1.9M | 5.33% |
| WELLS FARGO SECURITIES, LLC | $1.6M | 4.35% |
| UBS AG | $1.6M | 4.31% |
T. Rowe Price Financial Services Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TFIFX | I Class | 0.71% | — |
| PRISX | T. Rowe Price Financial Services Fund, Inc. | 0.86% | — |
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.