Trading Expense Calculator

Use this tool to compare the potential costs of using ETFs or no-load mutual funds. (Some mutual funds are sold with a front-end or back-end load. These types of funds are not designed for active trading. This calculator is appropriate for comparison of ETFs and no-load mutual funds.)

Instructions

  1. Enter estimated sum of money you intend to invest
  2. Enter estimated number of round trip trades per year
  3. Enter average period you intend to hold an ETF or a mutual fund (round trip trades multiplied by holding period ≤ 365)
  4. As needed, enter the ETF's assumptions:
    • Transaction cost – enter total commission cost
    • Expense ratio – enter the ETF’s expense ratio as stated in the prospectus
    • Average share price – estimated average price per ETF share
    • Spread – the estimated difference between bid and ask prices (for indication of the spread, check the current trading quote of the ETF)
  5. As needed, enter the mutual fund assumptions:
    • Estimated transaction/commission cost (if applicable)
    • Expense ratio – enter the mutual fund’s expense ratio as stated in the prospectus
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Total Estimated ETF Expenses:
 
Total Estimated Mutual Fund Expenses:
 

The above calculator is hypothetical and provided for illustrative purposes only. It is not intended as, and should not be construed as, investment advice or as a recommendation of any specific security or strategy. Guggenheim Investments and its affiliates (“Guggenheim Investments”) cannot and does not guarantee the accuracy, adequacy or completeness of the above information or its applicability to an individual’s particular circumstances. Guggenheim Investments is not responsible for any errors or omissions or for the results obtained from the use of this information. The calculator is not meant to represent any Guggenheim Investments products or depict or predict performance of any investment.

There are many differences between ETFs and mutual funds. Consult your financial advisor to find out which product is appropriate for your investment goals. ETFs are subject to risks and may or may not be suitable for all investors. Shares can be bought and sold through a broker and the selling shareholder may have to pay brokerage commissions in connection with the sale. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Shares may only be redeemed directly from the fund by Authorized Participants via Creation Units. There can be no assurance that an active trading market for the shares will develop or be maintained, and shares may trade at, above, or below their net asset value (NAV).

Securities are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.



Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objective, risks charges, expenses and the other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or call 800.820.0888.

Investing involves risk, including the possible loss of principal.

Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Funds Distributors, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management. Securities offered through Guggenheim Funds Distributors, LLC, an affiliate of Guggenheim, SI, GFIA and GPIM.

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• Not FDIC Insured • No Bank Guarantee • May Lose Value

This website is directed to and intended for use by citizens or residents of the United States of America only. The material provided on this website is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. Such material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational or educational purposes only and is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation. Investing involves risk, including the possible loss of principal.