TVMAX Fees and Costs — Guggenheim RBP Large-Cap Market Fund, Class A
Data updated: 2024-08-29
The net expense ratio is 1.18%: a 0.75% management fee, a 0.25% 12b-1 fee plus 1.53% other expenses, less a 1.35% fee waiver. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2023 the fund paid $1K in broker commissions, 0.0123% of average net assets, and portfolio turnover was 68%.
TVMAX Fees and Expenses
Annual operating expenses and sales charges of TVMAX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.53% |
| Gross expense ratio | 2.53% |
| Fee waiver | −1.35% |
| Net expense ratio | 1.18% |
| 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 |
TVMAX Costs Over Time
On $10,000 invested in TVMAX, assuming 5% a year before costs, total costs come to $1,314 over 5 years, cutting the return by 2.26% 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 1.18%) | $118 | $367 | $636 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $24 | $93 | $196 |
| Total costs | $618 | $940 | $1,314 |
| Value after costs | $9,882 | $10,637 | $11,449 |
| Impact on return, per year | 6.18% | 2.92% | 2.26% |
TVMAX 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): 0.0123%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 68%
- Securities lending: none during the year
TVMAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $1K | 95.87% |
| Morgan Stanley & Co. LLC | $51 | 3.65% |
| BLOOMBERG TRADEBOOK LLC | $7 | 0.48% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.