GULDX Fees and Costs — Guggenheim Active INvestment Series (GAINS) - Limited Duration Fund, Class SMA
Data updated: 2026-08-31
The net expense ratio is 0.02% (1.73% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $28 in broker commissions, 0.0002% of average net assets, and portfolio turnover was 25%.
GULDX Fees and Expenses
Annual operating expenses and sales charges of GULDX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.73% |
| Gross expense ratio | 1.73% |
| Fee waiver | −1.71% |
| Net expense ratio | 0.02% |
| 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 | No |
GULDX Costs Over Time
On $10,000 invested in GULDX, assuming 5% a year before costs, total costs come to $13 over 5 years, cutting the return by 0.02% 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 0.02%) | $2 | $7 | $12 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $2 | $7 | $13 |
| Value after costs | $10,498 | $11,569 | $12,750 |
| Impact on return, per year | 0.02% | 0.02% | 0.02% |
GULDX 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): 0.0002%
- Total broker commissions: $28
- Bought from dealers (principal trades, not a cost): $102.5M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
GULDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $28 | 100.00% |
GULDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $17.3M | 19.89% |
| BOFA SECURITIES, INC. | $12.8M | 14.71% |
| Bank of Montreal Chicago Branch | $10.5M | 12.08% |
| J.P. MORGAN SECURITIES LLC | $10.1M | 11.64% |
| BNP Paribas | $8.5M | 9.79% |
| BARCLAYS CAPITAL INC. | $6.9M | 7.94% |
| WELLS FARGO SECURITIES, LLC | $6.0M | 6.89% |
| MIZUHO SECURITIES USA LLC | $5.6M | 6.40% |
| Nomura Securities International, Inc. | $5.0M | 5.77% |
| DEUTSCHE BANK SECURITIES INC. | $4.3M | 4.90% |
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.