AAVM Fees and Costs — Alpha Architect Value Momentum Trend ETF
Data updated: 2026-08-26
The net expense ratio is 0.38%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $4K in broker commissions, 0.0155% of average net assets, and portfolio turnover was 32%.
AAVM Fees and Expenses
Annual operating expenses and sales charges of AAVM. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.38% |
| Fee waiver | — |
| Net expense ratio | 0.38% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AAVM Costs Over Time
On $10,000 invested in AAVM, assuming 5% a year before costs, total costs come to $250 over 5 years, cutting the return by 0.42% 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 0.38%) | $40 | $125 | $219 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $42 | $137 | $250 |
| Value after costs | $10,458 | $11,439 | $12,512 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
AAVM 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): 0.0155%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $492K
- Net income from securities lending: $25K (0.086% of average net assets)
AAVM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS LLC | $2K | 36.28% |
| WALLACHBETH CAPITAL LLC | $1K | 32.80% |
| RBC CAPITAL MARKETS, LLC | $767 | 17.34% |
| MIRAE ASSET SECURITIES (USA) INC. | $392 | 8.87% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $208 | 4.70% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.