C000065512 Fees and Costs — Guggenheim SMid Cap Value Institutional Fund, Institutional Class
Data updated: 2021-01-28
The net expense ratio is 1.03%: a 0.75% management fee plus 0.34% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $79K in broker commissions, 0.1319% of average net assets, and portfolio turnover was 24%.
C000065512 Fees and Expenses
Annual operating expenses and sales charges of C000065512. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.03% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000065512 Costs Over Time
On $10,000 invested in C000065512, assuming 5% a year before costs, total costs come to $724 over 5 years, cutting the return by 1.22% 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 1.03%) | $108 | $337 | $583 |
| Trading costs (broker commissions) | $14 | $43 | $75 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $399 | $724 |
| Value after costs | $10,378 | $11,177 | $12,038 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
C000065512 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1319%
- Total broker commissions: $79K
- Bought from dealers (principal trades, not a cost): $201K
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
C000065512 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SUNTRUST ROBINSON HUMPHREY, INC. | $15K | 23.31% |
| BMO Capital Markets Corp., New York Branch | $7K | 10.87% |
| STEPHENS | $7K | 10.17% |
| JEFFERIES LLC | $6K | 10.05% |
| WELLS FARGO SECURITIES, LLC | $6K | 9.26% |
| NEEDHAM & COMPANY, LLC | $5K | 8.09% |
| Keefe, Bruyette & Woods, Inc. | $5K | 7.71% |
| CANACCORD GENUITY LLC | $5K | 7.16% |
| ROBERT W. BAIRD & CO. INCORPORATED | $5K | 7.11% |
| Stifel Nicolaus & Company, Incorporated | $4K | 6.27% |
C000065512 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD & CO. INCORPORATED | $177K | 88.37% |
| Citigroup Global Markets Inc. | $13K | 6.36% |
| COWEN AND COMPANY | $11K | 5.27% |
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.