Expense Ratio History

TMVAX expense ratio history

RBC Microcap Value Fund, A Shares

Fund company
RBC
Type
Mutual fund

1.78%

In basis points
178 basis points
Yearly cost per $10,000
$178
Prospectus dated
27 January 2025, filed with the SEC; rounded to 0.01%
Last change
Raised from 1.64% on 27 January 2025

Fee over time

TMVAX expense ratio: 1.59% until 27 Nov 2012, then 1.60%; 1.60% until 27 Nov 2013, then 1.65%; 1.65% until 28 Jan 2015, then 1.70%; 1.70% until 28 Jan 2016, then 1.71%; 1.71% until 27 Jan 2017, then 1.78%; 1.78% until 26 Jan 2018, then 1.69%; 1.69% until 25 Jan 2019, then 1.64%; 1.64% until 28 Jan 2020, then 1.68%; 1.68% until 28 Jan 2021, then 1.81%; 1.81% until 28 Jan 2022, then 1.62%; 1.62% until 27 Jan 2023, then 1.60%; 1.60% until 29 Jan 2024, then 1.64%; 1.64% until 27 Jan 2025, then 1.78%; read at 1.78% on 27 Jan 2025.0.00%1.00%2.00%3.00%Nov 2011Feb 2014May 2016Aug 2018Nov 2020Feb 20231.59% before1.78% from 27 Jan 2025
TMVAX expense ratio: 1.59% until 27 Nov 2012, then 1.60%; 1.60% until 27 Nov 2013, then 1.65%; 1.65% until 28 Jan 2015, then 1.70%; 1.70% until 28 Jan 2016, then 1.71%; 1.71% until 27 Jan 2017, then 1.78%; 1.78% until 26 Jan 2018, then 1.69%; 1.69% until 25 Jan 2019, then 1.64%; 1.64% until 28 Jan 2020, then 1.68%; 1.68% until 28 Jan 2021, then 1.81%; 1.81% until 28 Jan 2022, then 1.62%; 1.62% until 27 Jan 2023, then 1.60%; 1.60% until 29 Jan 2024, then 1.64%; 1.64% until 27 Jan 2025, then 1.78%; read at 1.78% on 27 Jan 2025.0.00%1.00%2.00%3.00%Nov 2011May 2016Nov 20201.59% before1.78% from 27 Jan 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 3 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
TMVAX (this page) A Shares 1.78% 1.47% 27 Jan 2025
— — 2.34% 2.07% 23 Nov 2011
RMVIX I Shares 1.34% 1.22% 27 Jan 2025

Every figure we've recorded

DateFeeWhat happened
27 Jan 2025 1.78% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-01-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Jan 2025 1.78% Raised from 1.64% to 1.78%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-01-27
29 Jan 2024 1.64% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-01-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Jan 2024 1.64% Raised from 1.60% to 1.64%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-01-29
27 Jan 2023 1.60% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-01-27 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
27 Jan 2023 1.60% Cut from 1.62% to 1.60%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2023-02-08
28 Jan 2022 1.62% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-01-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jan 2022 1.62% Cut from 1.81% to 1.62%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-01-28
28 Jan 2021 1.81% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-01-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jan 2021 1.81% Raised from 1.68% to 1.81%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-01-28
28 Jan 2020 1.68% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-01-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jan 2020 1.68% Raised from 1.64% to 1.68%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-02-11
25 Jan 2019 1.64% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-01-25 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
25 Jan 2019 1.64% Cut from 1.69% to 1.64%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-02-08
26 Jan 2018 1.69% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-01-26 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
26 Jan 2018 1.69% Cut from 1.78% to 1.69%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-02-12
27 Jan 2017 1.78% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-01-27 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
27 Jan 2017 1.78% Raised from 1.71% to 1.78%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2017-02-17
28 Jan 2016 1.71% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-01-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Jan 2016 1.71% Raised from 1.70% to 1.71%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2016-02-19
28 Jan 2015 1.70% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-01-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jan 2015 1.70% Raised from 1.65% to 1.70%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-02-13
27 Nov 2013 1.65% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-11-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Nov 2013 1.65% Raised from 1.60% to 1.65%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2013-12-16
27 Nov 2012 1.60% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-11-27 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
27 Nov 2012 1.60% Raised from 1.59% to 1.60%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2012-12-20
23 Nov 2011 1.59% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-11-23 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.78% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$2,109 in fees over 10 years

After fees, $10,000 grows to $13,670.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$182
3 years$565
5 years$972
10 years$2,109

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 14 prospectuses for this share class since 2011. Each one is listed above with a link to the filing.

How we read fees

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