SSUAX Fees and Costs — Guggenheim Small Cap Value Fund, Class A
Data updated: 2024-08-29
The net expense ratio is 1.28%: a 0.75% management fee, a 0.25% 12b-1 fee plus 2.43% other expenses, less a 2.16% fee waiver. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2023 the fund paid $6K in broker commissions, 0.0893% of average net assets, and portfolio turnover was 72%.
SSUAX Fees and Expenses
Annual operating expenses and sales charges of SSUAX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.43% |
| Gross expense ratio | 3.44% |
| Fee waiver | −2.16% |
| Net expense ratio | 1.28% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| 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 |
SSUAX Costs Over Time
On $10,000 invested in SSUAX, assuming 5% a year before costs, total costs come to $1,416 over 5 years, cutting the return by 2.44% 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 |
| Sales charges | $475 | $475 | $475 |
| Fund expenses (net expense ratio 1.28%) | $128 | $398 | $687 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $24 | $96 | $206 |
| Total costs | $636 | $997 | $1,416 |
| Value after costs | $9,864 | $10,580 | $11,347 |
| Impact on return, per year | 6.36% | 3.10% | 2.44% |
SSUAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0893%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $173K
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
SSUAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $1K | 25.04% |
| COWEN AND COMPANY | $714 | 13.03% |
| WELLS FARGO SECURITIES, LLC | $664 | 12.10% |
| TRUST SECURITIES, INC. | $626 | 11.42% |
| JEFFERIES LLC | $504 | 9.18% |
| Morgan Stanley & Co. LLC | $490 | 8.94% |
| STEPHENS | $340 | 6.20% |
| Piper Sandler & Co | $308 | 5.63% |
| Stifel Nicolaus & Company, Incorporated | $232 | 4.24% |
| NEEDHAM & COMPANY, LLC | $231 | 4.21% |
SSUAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TENDER OFFER | $173K | 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.