TVVAX Fees and Costs — Guggenheim RBP Large-Cap Value Fund, Class A
Data updated: 2024-12-13
The net expense ratio is 1.18%: a 0.75% management fee, a 0.25% 12b-1 fee plus 3.76% other expenses, less a 3.58% fee waiver. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2024 the fund paid $676 in broker commissions, 0.0152% of average net assets, and portfolio turnover was 68%.
TVVAX Fees and Expenses
Annual operating expenses and sales charges of TVVAX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 3.76% |
| Gross expense ratio | 4.76% |
| Fee waiver | −3.58% |
| 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 |
TVVAX Costs Over Time
On $10,000 invested in TVVAX, assuming 5% a year before costs, total costs come to $1,316 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) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $24 | $93 | $196 |
| Total costs | $618 | $941 | $1,316 |
| Value after costs | $9,882 | $10,636 | $11,447 |
| Impact on return, per year | 6.18% | 2.92% | 2.26% |
TVVAX 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): 0.0152%
- Total broker commissions: $676
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 68%
- Securities lending: none during the year
TVVAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $317 | 46.86% |
| WILLIAM BLAIR | $280 | 41.51% |
| Morgan Stanley & Co. LLC | $76 | 11.21% |
| BLOOMBERG TRADEBOOK LLC | $3 | 0.38% |
| GOLDMAN SACHS & CO. LLC | $0 | 0.04% |
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.