TVVIX Fees and Costs — Guggenheim RBP Large-Cap Value Fund, Institutional Class
Data updated: 2024-12-13
The net expense ratio is 0.92%: a 0.75% management fee plus 3.66% other expenses, less a 3.49% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $676 in broker commissions, 0.0152% of average net assets, and portfolio turnover was 68%.
TVVIX Fees and Expenses
Annual operating expenses and sales charges of TVVIX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.66% |
| Gross expense ratio | 4.41% |
| Fee waiver | −3.49% |
| Net expense ratio | 0.92% |
| 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 |
TVVIX Costs Over Time
On $10,000 invested in TVVIX, assuming 5% a year before costs, total costs come to $586 over 5 years, cutting the return by 0.98% 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 0.92%) | $97 | $302 | $523 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $322 | $586 |
| Value after costs | $10,402 | $11,254 | $12,177 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
TVVIX 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
TVVIX 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.