GIOSX Fees and Costs — Guggenheim Macro Opportunities Fund, Class R6
Data updated: 2026-08-31
The net expense ratio is 0.94% (0.98% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $30K in broker commissions, 0.0004% of average net assets, and portfolio turnover was 35%.
GIOSX Fees and Expenses
Annual operating expenses and sales charges of GIOSX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.87% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.98% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
GIOSX Costs Over Time
On $10,000 invested in GIOSX, assuming 5% a year before costs, total costs come to $589 over 5 years, cutting the return by 0.99% 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 0.94%) | $99 | $308 | $535 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $324 | $589 |
| Value after costs | $10,401 | $11,253 | $12,174 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
GIOSX 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): 0.0004%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): $86.3B
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
GIOSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $26K | 87.07% |
| J.P. Morgan Securities PLC | $2K | 7.50% |
| WILLIAM BLAIR | $1K | 3.35% |
| Citigroup Global Markets Inc. | $620 | 2.08% |
GIOSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $18.5B | 23.29% |
| J.P. MORGAN SECURITIES LLC | $14.0B | 17.70% |
| BNP PARIBAS SECURITIES CORP. | $13.4B | 16.91% |
| BARCLAYS CAPITAL INC. | $8.5B | 10.75% |
| Morgan Stanley & Co. LLC | $7.9B | 9.93% |
| Bank of Montreal Chicago Branch | $4.9B | 6.22% |
| MIZUHO SECURITIES USA LLC | $4.2B | 5.32% |
| WELLS FARGO SECURITIES, LLC | $3.1B | 3.85% |
| Nomura Securities International, Inc. | $2.6B | 3.24% |
| DEUTSCHE BANK SECURITIES INC. | $2.2B | 2.78% |
Guggenheim Macro Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GIOIX | Institutional Class | 0.94% | none |
| GIOSX | Class R6 | 0.94% | none |
| GIOAX | Class A | 1.29% | 4.00% |
| GIOPX | Class P | 1.35% | none |
| GIOCX | Class C | 2.04% | none |
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.