RYTNX Fees and Costs — S&P 500 2x Strategy Fund, Class H
Data updated: 2026-08-28
The net expense ratio is 1.77%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.72% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $305K in broker commissions, 0.1380% of average net assets, and portfolio turnover was 1445%.
RYTNX Fees and Expenses
Annual operating expenses and sales charges of RYTNX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.72% |
| Gross expense ratio | 1.87% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.77% |
| 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 |
RYTNX Costs Over Time
On $10,000 invested in RYTNX, assuming 5% a year before costs, total costs come to $1,172 over 5 years, cutting the return by 2.00% 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 1.77%) | $186 | $574 | $987 |
| Trading costs (broker commissions) | $14 | $45 | $77 |
| Lost growth on money paid in costs | $0 | $31 | $108 |
| Total costs | $200 | $650 | $1,172 |
| Value after costs | $10,300 | $10,926 | $11,591 |
| Impact on return, per year | 2.00% | 2.00% | 2.00% |
RYTNX 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): 0.1380%
- Total broker commissions: $305K
- Bought from dealers (principal trades, not a cost): $11.9B
- Portfolio turnover (prospectus): 1445%
- Securities on loan, average value: $368K
- Net income from securities lending: $3K (0.001% of average net assets)
RYTNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $144K | 47.04% |
| INSTINET, LLC | $98K | 31.98% |
| BARCLAYS CAPITAL, INC. | $40K | 13.23% |
| GOLDMAN SACHS & CO. LLC | $22K | 7.27% |
| BTIG, LLC | $1K | 0.49% |
RYTNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $6.5B | 54.74% |
| BARCLAYS CAPITAL, INC. | $2.0B | 17.11% |
| J.P. Morgan Securities LLC | $1.7B | 14.60% |
| BOFA SECURITIES, INC. | $855.2M | 7.19% |
| BNP PARIBAS SECURITIES CORP. | $500.4M | 4.21% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $105.8M | 0.89% |
| BMO CAPITAL MARKETS CORP. | $49.8M | 0.42% |
| CitiGroup Global Markets Inc. | $45.3M | 0.38% |
| Mizuho Securities USA LLC | $30.4M | 0.26% |
| CASTLEOAK SECURITIES, LP | $25.0M | 0.21% |
S&P 500 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 |
|---|---|---|---|
| RYTNX | Class H | 1.77% | — |
| RYTTX | Class A | 1.78% | 4.75% |
| RYCTX | Class C | 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.