RYJUX Fees and Costs — Inverse Government Long Bond Strategy Fund, Investor Class
Data updated: 2026-08-28
The net expense ratio is 4.70% (4.82% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $907 in broker commissions, 0.0058% of average net assets, and portfolio turnover was 662%.
RYJUX Fees and Expenses
Annual operating expenses and sales charges of RYJUX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.85% |
| Gross expense ratio | 4.82% |
| Fee waiver | −0.12% |
| Net expense ratio | 4.70% |
| 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 |
RYJUX Costs Over Time
On $10,000 invested in RYJUX, assuming 5% a year before costs, total costs come to $2,733 over 5 years, cutting the return by 4.94% 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 4.70%) | $494 | $1,481 | $2,470 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $75 | $260 |
| Total costs | $494 | $1,559 | $2,733 |
| Value after costs | $10,006 | $10,018 | $10,029 |
| Impact on return, per year | 4.94% | 4.94% | 4.94% |
RYJUX 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): 0.0058%
- Total broker commissions: $907
- Bought from dealers (principal trades, not a cost): $4.6B
- Portfolio turnover (prospectus): 662%
- Securities lending: none during the year
RYJUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $907 | 100.00% |
RYJUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $2.1B | 44.99% |
| Mizuho Securities USA LLC | $1.4B | 29.94% |
| J.P. Morgan Securities LLC | $725.9M | 15.75% |
| BOFA SECURITIES, INC. | $394.5M | 8.56% |
| GOLDMAN SACHS & CO. LLC | $10.2M | 0.22% |
| BMO CAPITAL MARKETS CORP. | $9.3M | 0.20% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $7.0M | 0.15% |
| Daiwa Capital Markets America, Inc. | $5.0M | 0.11% |
| TD SECURITIES (USA) LLC | $2.6M | 0.06% |
| JEFFERIES LLC | $1.5M | 0.03% |
Inverse Government Long Bond 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 |
|---|---|---|---|
| RYJUX | Investor Class | 4.70% | — |
| RYAQX | Class A | 4.95% | 4.75% |
| RYHJX | Class H | 4.95% | — |
| RYJCX | Class C | 5.71% | 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.