SEQPX Fees and Costs — Guggenheim World Equity Income Fund, Class P
Data updated: 2024-12-13
The net expense ratio is 1.19%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.79% other expenses, less a 0.55% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $33K in broker commissions, 0.0691% of average net assets, and portfolio turnover was 156%.
SEQPX Fees and Expenses
Annual operating expenses and sales charges of SEQPX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.79% |
| Gross expense ratio | 1.74% |
| Fee waiver | −0.55% |
| Net expense ratio | 1.19% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | Yes |
SEQPX Costs Over Time
On $10,000 invested in SEQPX, assuming 5% a year before costs, total costs come to $784 over 5 years, cutting the return by 1.32% 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 1.19%) | $125 | $389 | $672 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $432 | $784 |
| Value after costs | $10,368 | $11,144 | $11,979 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
SEQPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0691%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $1.4M
- Portfolio turnover (prospectus): 156%
- Securities lending: none during the year
SEQPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $30K | 90.29% |
| Bank of America, N.A. | $2K | 6.88% |
| Morgan Stanley & Co. LLC | $759 | 2.27% |
| Citigroup Global Markets Inc. | $69 | 0.21% |
| BLOOMBERG TRADEBOOK LLC | $61 | 0.18% |
| JONESTRADING | $58 | 0.17% |
SEQPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $1.4M | 100.00% |
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.