RYTPX Fees and Costs — Inverse 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 $4K in broker commissions, 0.0203% of average net assets, and portfolio turnover was 0%.
RYTPX Fees and Expenses
Annual operating expenses and sales charges of RYTPX. 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 |
RYTPX Costs Over Time
On $10,000 invested in RYTPX, assuming 5% a year before costs, total costs come to $1,102 over 5 years, cutting the return by 1.88% 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 | $575 | $989 |
| Trading costs (broker commissions) | $2 | $7 | $11 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $188 | $611 | $1,102 |
| Value after costs | $10,312 | $10,966 | $11,661 |
| Impact on return, per year | 1.88% | 1.88% | 1.88% |
RYTPX 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): 0.0203%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $5.5B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
RYTPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $4K | 100.00% |
RYTPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $2.2B | 40.31% |
| J.P. Morgan Securities LLC | $1.3B | 22.76% |
| BARCLAYS CAPITAL, INC. | $742.8M | 13.51% |
| BOFA SECURITIES, INC. | $658.5M | 11.97% |
| BNP PARIBAS SECURITIES CORP. | $254.9M | 4.63% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $141.1M | 2.57% |
| BMO CAPITAL MARKETS CORP. | $84.0M | 1.53% |
| Daiwa Capital Markets America, Inc. | $55.0M | 1.00% |
| CASTLEOAK SECURITIES, LP | $50.0M | 0.91% |
| Academy Securities, Inc. | $45.0M | 0.82% |
Inverse 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 |
|---|---|---|---|
| RYTPX | Class H | 1.77% | — |
| RYTMX | Class A | 1.79% | 4.75% |
| RYCBX | Class C | 2.55% | 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.