TMCAX Fees and Costs — RBC SMID Cap Growth Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.07%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.28% other expenses, less a 0.16% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $40K in broker commissions, 0.0263% of average net assets, and portfolio turnover was 23%.
TMCAX Fees and Expenses
Annual operating expenses and sales charges of TMCAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.07% |
| 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 |
TMCAX Costs Over Time
On $10,000 invested in TMCAX, assuming 5% a year before costs, total costs come to $1,379 over 5 years, cutting the return by 2.37% 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 1.07%) | $106 | $330 | $572 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $29 | $107 | $218 |
| Total costs | $712 | $1,021 | $1,379 |
| Value after costs | $9,788 | $10,556 | $11,384 |
| Impact on return, per year | 7.12% | 3.18% | 2.37% |
TMCAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0263%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $69.9M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
TMCAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WILLIAM BLAIR & COMPANY, L.L.C. | $11K | 28.53% |
| PIPER SANDLER & CO. | $7K | 18.64% |
| DASH FINANCIAL TECHNOLOGIES LLC | $4K | 9.62% |
| JEFFERIES LLC | $3K | 7.80% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $3K | 7.43% |
| TD SECURITIES (USA) LLC | $3K | 6.97% |
| UBS Securities LLC | $3K | 6.92% |
| Robert W. Baird & Co. Incorporated | $2K | 6.73% |
| Themis Trading LLC | $1K | 3.98% |
| CANTOR FITZGERALD & CO. | $1K | 3.38% |
TMCAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC BlueBay U.S. Government Money Market Fund | $69.9M | 100.00% |
RBC SMID Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RSMRX | Class R6 | 0.77% | none |
| TMCIX | Class I | 0.82% | none |
| TMCAX | Class A | 1.07% | 5.75% |
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.