Are there expense caps in place for Guggenheim Funds ETFs?
There is a contractual fee waiver currently in place for Guggenheim Fund’s ETFs through either December 31, 2011 (based on the individual Fund) to the extent necessary in keeping each Fund’s expense ratio from exceeding the percentages as stated in the prospectus. Some expenses fall outside of these expense caps and actual expenses will be higher than cited in the prospectus. Actual Fund expenses can be found in each Fund’s respective prospectus. For those Guggenheim Funds ETFs with an inception date of June 1, 2007 or thereafter, the following applies: Each Fund’s expense cap ratio for its initial fiscal year is based on an assumed average asset level of $100 million. If assets are lower than $100 million, the expense ratio will be higher due to the inclusion of offering costs during the first 12 months of operations. If average assets of the Fund exceed $100 million during the Fund’s first 12 months, the expense ratio may be lower. Please read each Fund’s prospectus for more informat
