Expense Ratio History

RBNAX expense ratio history

Robinson Opportunistic Income Fund, Class A Shares

Fund company
Investment Managers Series
Type
Mutual fund

5.61%

In basis points
561 basis points
Yearly cost per $10,000
$561
Prospectus dated
30 April 2026, filed with the SEC; rounded to 0.01%
Last change
Raised from 4.86% on 30 April 2026

Fee over time

RBNAX expense ratio: 3.96% until 1 May 2017, then 3.94%; 3.94% until 1 May 2018, then 3.84%; 3.84% until 1 May 2019, then 3.74%; 3.74% until 1 May 2020, then 3.93%; 3.93% until 1 May 2021, then 4.67%; 4.67% until 1 May 2022, then 3.92%; 3.92% until 30 Apr 2023, then 3.79%; 3.79% until 30 Apr 2024, then 4.32%; 4.32% until 30 Apr 2025, then 4.86%; 4.86% until 30 Apr 2026, then 5.61%; read at 5.61% on 30 Apr 2026.0.00%2.00%4.00%6.00%8.00%Dec 2015Oct 2017Aug 2019Jun 2021Apr 2023Feb 20253.96% before5.61% from 30 Apr 2026
RBNAX expense ratio: 3.96% until 1 May 2017, then 3.94%; 3.94% until 1 May 2018, then 3.84%; 3.84% until 1 May 2019, then 3.74%; 3.74% until 1 May 2020, then 3.93%; 3.93% until 1 May 2021, then 4.67%; 4.67% until 1 May 2022, then 3.92%; 3.92% until 30 Apr 2023, then 3.79%; 3.79% until 30 Apr 2024, then 4.32%; 4.32% until 30 Apr 2025, then 4.86%; 4.86% until 30 Apr 2026, then 5.61%; read at 5.61% on 30 Apr 2026.0.00%2.00%4.00%6.00%8.00%Dec 2015Jul 2019Feb 20233.96% before5.61% from 30 Apr 2026
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 4 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
RBNAX (this page) Class A Shares 5.61% 3.41% 30 Apr 2026
RBNCX Class C Shares 6.36% 4.16% 30 Apr 2026
RBNNX Institutional Class Shares 5.36% 3.16% 30 Apr 2026
RBNDX Class T Shares 4.86% 3.10% 30 Apr 2025

Every figure we've recorded

DateFeeWhat happened
30 Apr 2026 5.61% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2026 5.61% Raised from 4.86% to 5.61%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-04-29
30 Apr 2025 4.86% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2025 4.86% Raised from 4.32% to 4.86%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-04-29
30 Apr 2024 4.32% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2024 4.32% Raised from 3.79% to 4.32%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-04-29
30 Apr 2023 3.79% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2023 3.79% Cut from 3.92% to 3.79%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-04-28
1 May 2022 3.92% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2022 3.92% Cut from 4.67% to 3.92%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-04-28
28 Jun 2021 4.67% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-06-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2021 4.67% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-05-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 May 2021 4.67% Raised from 3.93% to 4.67%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-05-05
1 May 2020 3.93% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2020 3.93% Raised from 3.74% to 3.93%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-05-14
12 Nov 2019 3.74% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-11-12 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2019 3.74% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2019 3.74% Cut from 3.84% to 3.74%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-05-13
1 May 2018 3.84% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2018 3.84% Cut from 3.94% to 3.84%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-05-15
1 May 2017 3.94% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2017 3.94% Cut from 3.96% to 3.94%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-05-11
30 Dec 2015 3.96% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-12-30 (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 5.61% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$5,560 in fees over 10 years

After fees, $10,000 grows to $9,275.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$575
3 years$1,712
5 years$2,832
10 years$5,560

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 13 prospectuses for this share class since 2015. Each one is listed above with a link to the filing.

How we read fees

More Investment Managers Series funds

The cheapest of 254. All Investment Managers Series funds.