RYIUX Fees and Costs — Inverse Russell 2000 2x Strategy Fund, A-Class Shares
Data updated: 2026-08-28
The net expense ratio is 1.70%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.65% other expenses, less a 0.10% fee waiver. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2026 the fund paid $2K in broker commissions, 0.0427% of average net assets, and portfolio turnover was 0%.
RYIUX Fees and Expenses
Annual operating expenses and sales charges of RYIUX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.65% |
| Gross expense ratio | 1.80% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.70% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| 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 |
RYIUX Costs Over Time
On $10,000 invested in RYIUX, assuming 5% a year before costs, total costs come to $1,629 over 5 years, cutting the return by 2.83% 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 |
| Sales charges | $475 | $475 | $475 |
| Fund expenses (net expense ratio 1.70%) | $170 | $526 | $906 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $24 | $102 | $226 |
| Total costs | $673 | $1,116 | $1,629 |
| Value after costs | $9,827 | $10,460 | $11,134 |
| Impact on return, per year | 6.73% | 3.49% | 2.83% |
RYIUX 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): 0.0427%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $1.7B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
RYIUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $2K | 100.00% |
RYIUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $572.2M | 34.10% |
| J.P. Morgan Securities LLC | $489.3M | 29.16% |
| BOFA SECURITIES, INC. | $245.9M | 14.65% |
| BARCLAYS CAPITAL, INC. | $242.7M | 14.46% |
| BNP PARIBAS SECURITIES CORP. | $120.8M | 7.20% |
| Daiwa Capital Markets America, Inc. | $5.0M | 0.30% |
| BMO CAPITAL MARKETS CORP. | $1.5M | 0.09% |
| JEFFERIES LLC | $546K | 0.03% |
| Academy Securities, Inc. | $99K | 0.01% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $99K | 0.01% |
Inverse Russell 2000 2x 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 |
|---|---|---|---|
| RYIUX | A-Class Shares | 1.70% | 4.75% |
| RYIRX | H-Class Shares | 1.78% | — |
| RYIZX | C-Class Shares | 2.45% | 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.