RYURX Fees and Costs — Inverse S&P 500 Strategy Fund, Investor Class
Data updated: 2026-08-28
The net expense ratio is 1.44% (1.54% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $717 in broker commissions, 0.0016% of average net assets, and portfolio turnover was 0%.
RYURX Fees and Expenses
Annual operating expenses and sales charges of RYURX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.54% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.44% |
| 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 |
RYURX Costs Over Time
On $10,000 invested in RYURX, assuming 5% a year before costs, total costs come to $894 over 5 years, cutting the return by 1.51% 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 1.44%) | $151 | $470 | $811 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $151 | $493 | $894 |
| Value after costs | $10,349 | $11,083 | $11,869 |
| Impact on return, per year | 1.51% | 1.51% | 1.51% |
RYURX 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): 0.0016%
- Total broker commissions: $717
- Bought from dealers (principal trades, not a cost): $4.3B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
RYURX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $717 | 100.00% |
RYURX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.4B | 33.52% |
| BARCLAYS CAPITAL, INC. | $872.9M | 20.74% |
| BOFA SECURITIES, INC. | $744.6M | 17.70% |
| GOLDMAN SACHS & CO. LLC | $594.2M | 14.12% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $232.6M | 5.53% |
| BMO CAPITAL MARKETS CORP. | $102.8M | 2.44% |
| BNP PARIBAS SECURITIES CORP. | $89.6M | 2.13% |
| Daiwa Capital Markets America, Inc. | $63.1M | 1.50% |
| Academy Securities, Inc. | $50.0M | 1.19% |
| Mizuho Securities USA LLC | $47.6M | 1.13% |
Inverse S&P 500 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 |
|---|---|---|---|
| RYURX | Investor Class | 1.44% | — |
| RYUHX | Class H | 1.68% | — |
| RYARX | Class A | 1.70% | 4.75% |
| RYUCX | Class C | 2.43% | 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.