RYLDX Fees and Costs — Dow 2x Strategy Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.79%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.74% 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 $15K in broker commissions, 0.0367% of average net assets, and portfolio turnover was 492%.
RYLDX Fees and Expenses
Annual operating expenses and sales charges of RYLDX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.74% |
| Gross expense ratio | 1.89% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.79% |
| 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 |
RYLDX Costs Over Time
On $10,000 invested in RYLDX, assuming 5% a year before costs, total costs come to $1,677 over 5 years, cutting the return by 2.92% 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 1.79%) | $179 | $554 | $952 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $24 | $103 | $230 |
| Total costs | $681 | $1,143 | $1,677 |
| Value after costs | $9,819 | $10,433 | $11,086 |
| Impact on return, per year | 6.81% | 3.58% | 2.92% |
RYLDX 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): 0.0367%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 492%
- Securities lending: none during the year
RYLDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $5K | 33.29% |
| INSTINET, LLC | $5K | 31.44% |
| CANTOR FITZGERALD & CO. | $2K | 16.17% |
| BTIG, LLC | $2K | 14.65% |
| BARCLAYS CAPITAL, INC. | $657 | 4.45% |
RYLDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $843.2M | 54.43% |
| J.P. Morgan Securities LLC | $292.0M | 18.85% |
| BNP PARIBAS SECURITIES CORP. | $170.6M | 11.02% |
| BOFA SECURITIES, INC. | $156.5M | 10.10% |
| GOLDMAN SACHS & CO. LLC | $76.0M | 4.90% |
| BMO CAPITAL MARKETS CORP. | $5.6M | 0.36% |
| JEFFERIES LLC | $2.1M | 0.13% |
| CitiGroup Global Markets Inc. | $1.8M | 0.12% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $697K | 0.05% |
| Mizuho Securities USA LLC | $595K | 0.04% |
Dow 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 |
|---|---|---|---|
| RYCVX | Class H | 1.79% | — |
| RYLDX | Class A | 1.79% | 4.75% |
| RYCYX | Class C | 2.54% | 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.