RYWVX Fees and Costs — Emerging Markets 2x Strategy Fund, Class H
Data updated: 2026-08-28
The net expense ratio is 1.85%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.78% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $12K in broker commissions, 0.0902% of average net assets, and portfolio turnover was 905%.
RYWVX Fees and Expenses
Annual operating expenses and sales charges of RYWVX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.78% |
| Gross expense ratio | 1.93% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.85% |
| 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 |
RYWVX Costs Over Time
On $10,000 invested in RYWVX, assuming 5% a year before costs, total costs come to $1,191 over 5 years, cutting the return by 2.04% 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 1.85%) | $194 | $600 | $1,031 |
| Trading costs (broker commissions) | $9 | $29 | $50 |
| Lost growth on money paid in costs | $0 | $31 | $110 |
| Total costs | $204 | $661 | $1,191 |
| Value after costs | $10,296 | $10,915 | $11,572 |
| Impact on return, per year | 2.04% | 2.04% | 2.04% |
RYWVX 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): 0.0902%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 905%
- Securities lending: none during the year
RYWVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $6K | 47.02% |
| BARCLAYS CAPITAL, INC. | $4K | 32.97% |
| INSTINET, LLC | $2K | 12.40% |
| CANTOR FITZGERALD & CO. | $792 | 6.36% |
| GOLDMAN SACHS & CO. LLC | $155 | 1.24% |
RYWVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $508.7M | 32.54% |
| J.P. Morgan Securities LLC | $501.1M | 32.06% |
| BOFA SECURITIES, INC. | $235.6M | 15.07% |
| BARCLAYS CAPITAL, INC. | $231.1M | 14.79% |
| BNP PARIBAS SECURITIES CORP. | $85.6M | 5.48% |
| CitiGroup Global Markets Inc. | $992K | 0.06% |
Emerging Markets 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 |
|---|---|---|---|
| RYWTX | Class A | 1.84% | 4.75% |
| RYWVX | Class H | 1.85% | — |
| RYWUX | Class C | 2.60% | 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.