GURPX Fees and Costs — Guggenheim Risk Managed Real Estate Fund, Class P
Data updated: 2024-12-13
The net expense ratio is 1.66%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.73% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $243K in broker commissions, 0.0720% of average net assets, and portfolio turnover was 21%.
GURPX Fees and Expenses
Annual operating expenses and sales charges of GURPX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.73% |
| Gross expense ratio | 1.73% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.66% |
| 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 |
GURPX Costs Over Time
On $10,000 invested in GURPX, assuming 5% a year before costs, total costs come to $1,068 over 5 years, cutting the return by 1.82% 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 1.66%) | $174 | $540 | $929 |
| Trading costs (broker commissions) | $8 | $23 | $40 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $182 | $591 | $1,068 |
| Value after costs | $10,318 | $10,985 | $11,695 |
| Impact on return, per year | 1.82% | 1.82% | 1.82% |
GURPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0720%
- Total broker commissions: $243K
- Bought from dealers (principal trades, not a cost): $16.1M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
GURPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $136K | 55.98% |
| Morgan Stanley & Co. LLC | $57K | 23.48% |
| J.P. MORGAN SECURITIES LLC | $45K | 18.65% |
| WILLIAM BLAIR | $5K | 1.89% |
| GOLDMAN SACHS & CO. LLC | $15 | 0.01% |
GURPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $9.9M | 61.66% |
| GOLDMAN SACHS & CO. LLC | $6.2M | 38.34% |
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.