RYEUX Fees and Costs — Europe 1.25x Strategy Fund, Class H
Data updated: 2026-08-28
The net expense ratio is 1.69%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.60% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $19K in broker commissions, 0.5275% of average net assets, and portfolio turnover was 1595%.
RYEUX Fees and Expenses
Annual operating expenses and sales charges of RYEUX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.76% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.69% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
RYEUX Costs Over Time
On $10,000 invested in RYEUX, assuming 5% a year before costs, total costs come to $1,354 over 5 years, cutting the return by 2.33% 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 1.69%) | $177 | $547 | $936 |
| Trading costs (broker commissions) | $55 | $171 | $292 |
| Lost growth on money paid in costs | $0 | $36 | $126 |
| Total costs | $233 | $753 | $1,354 |
| Value after costs | $10,267 | $10,823 | $11,409 |
| Impact on return, per year | 2.33% | 2.33% | 2.33% |
RYEUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.5275%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $410.5M
- Portfolio turnover (prospectus): 1595%
- Securities lending: none during the year
RYEUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $7K | 38.70% |
| BTIG, LLC | $6K | 33.99% |
| INSTINET, LLC | $5K | 27.31% |
RYEUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $173.1M | 42.18% |
| BOFA SECURITIES, INC. | $89.3M | 21.76% |
| BARCLAYS CAPITAL, INC. | $87.5M | 21.33% |
| GOLDMAN SACHS & CO. LLC | $60.1M | 14.64% |
| BMO CAPITAL MARKETS CORP. | $299K | 0.07% |
| CitiGroup Global Markets Inc. | $100K | 0.02% |
Europe 1.25x Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RYAEX | Class A | 1.66% | 4.75% |
| RYEUX | Class H | 1.69% | — |
| RYCEX | Class C | 2.42% | 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.