TVEAX Fees and Costs — Guggenheim RBP Dividend Fund, Class A
Data updated: 2024-12-13
The net expense ratio is 1.17%: a 0.75% management fee, a 0.25% 12b-1 fee plus 1.10% other expenses, less a 0.93% fee waiver. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2024 the fund paid $3K in broker commissions, 0.0195% of average net assets, and portfolio turnover was 73%.
TVEAX Fees and Expenses
Annual operating expenses and sales charges of TVEAX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.10% |
| Gross expense ratio | 2.10% |
| Fee waiver | −0.93% |
| Net expense ratio | 1.17% |
| 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 |
TVEAX Costs Over Time
On $10,000 invested in TVEAX, assuming 5% a year before costs, total costs come to $1,312 over 5 years, cutting the return by 2.25% 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 1.17%) | $117 | $364 | $631 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $24 | $93 | $196 |
| Total costs | $618 | $939 | $1,312 |
| Value after costs | $9,882 | $10,638 | $11,451 |
| Impact on return, per year | 6.18% | 2.92% | 2.25% |
TVEAX 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): 0.0195%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 73%
- Securities lending: none during the year
TVEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $1K | 47.37% |
| WILLIAM BLAIR | $1K | 35.62% |
| Morgan Stanley & Co. LLC | $486 | 15.71% |
| BLOOMBERG TRADEBOOK LLC | $38 | 1.22% |
| GOLDMAN SACHS & CO. LLC | $2 | 0.07% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.