RYRUX Fees and Costs — Russell 2000 2x Strategy Fund, A-Class Shares
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 $11K in broker commissions, 0.0214% of average net assets, and portfolio turnover was 40%.
RYRUX Fees and Expenses
Annual operating expenses and sales charges of RYRUX. 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 |
RYRUX Costs Over Time
On $10,000 invested in RYRUX, assuming 5% a year before costs, total costs come to $1,668 over 5 years, cutting the return by 2.90% 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) | $2 | $7 | $11 |
| Lost growth on money paid in costs | $24 | $103 | $229 |
| Total costs | $680 | $1,138 | $1,668 |
| Value after costs | $9,820 | $10,438 | $11,095 |
| Impact on return, per year | 6.80% | 3.56% | 2.90% |
RYRUX 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): 0.0214%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $5.4B
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $822K
- Net income from securities lending: $5K (0.009% of average net assets)
RYRUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $9K | 84.10% |
| INSTINET, LLC | $2K | 15.90% |
RYRUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.7B | 31.75% |
| BARCLAYS CAPITAL, INC. | $1.1B | 21.30% |
| GOLDMAN SACHS & CO. LLC | $1.1B | 19.93% |
| BOFA SECURITIES, INC. | $838.6M | 15.75% |
| BNP PARIBAS SECURITIES CORP. | $305.2M | 5.73% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $145.7M | 2.74% |
| Daiwa Capital Markets America, Inc. | $44.0M | 0.83% |
| BMO CAPITAL MARKETS CORP. | $41.3M | 0.78% |
| CitiGroup Global Markets Inc. | $38.0M | 0.71% |
| Mizuho Securities USA LLC | $25.6M | 0.48% |
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 |
|---|---|---|---|
| RYRUX | A-Class Shares | 1.79% | 4.75% |
| RYRSX | H-Class Shares | 1.87% | — |
| RYRLX | C-Class Shares | 2.53% | 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.