ABEQ Fees and Costs — Absolute Select Value ETF
Data updated: 2026-08-31
The net expense ratio is 0.85%: a 0.85% management fee plus 0.21% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $10K in broker commissions, 0.0090% of average net assets, and portfolio turnover was 38%.
ABEQ Fees and Expenses
Annual operating expenses and sales charges of ABEQ. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.21% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.85% |
| 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 | Yes |
ABEQ Costs Over Time
On $10,000 invested in ABEQ, assuming 5% a year before costs, total costs come to $539 over 5 years, cutting the return by 0.90% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $296 | $539 |
| Value after costs | $10,410 | $11,280 | $12,224 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
ABEQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0090%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $66.6M
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
ABEQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS Securities | $10K | 92.20% |
| CHARLES SCHWAB & CO., INC. | $810 | 7.80% |
ABEQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CHARLES SCHWAB & CO INC | $66.6M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.