AADR Fees and Costs — AdvisorShares Dorsey Wright ADR ETF
Data updated: 2026-09-10
The net expense ratio is 1.09% (1.17% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $123K in broker commissions, 0.2658% of average net assets, and portfolio turnover was 56%.
AADR Fees and Expenses
Annual operating expenses and sales charges of AADR. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.17% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.09% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
AADR Costs Over Time
On $10,000 invested in AADR, assuming 5% a year before costs, total costs come to $842 over 5 years, cutting the return by 1.42% 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 1.09%) | $114 | $356 | $615 |
| Trading costs (broker commissions) | $28 | $87 | $150 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $142 | $464 | $842 |
| Value after costs | $10,358 | $11,112 | $11,921 |
| Impact on return, per year | 1.42% | 1.42% | 1.42% |
AADR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2658%
- Total broker commissions: $123K
- Bought from dealers (principal trades, not a cost): $17.5M
- Portfolio turnover (prospectus): 56%
- Securities on loan, average value: $5.6M
- Net income from securities lending: $30K (0.065% of average net assets)
AADR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $123K | 100.00% |
AADR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $9.3M | 52.95% |
| Jane Street Execution Services, LLC | $5.0M | 28.54% |
| BOFA SECURITIES, INC. | $2.1M | 11.83% |
| J.P. Morgan Securities LLC | $1.2M | 6.67% |
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.