ACES Fees and Costs — ALPS Clean Energy ETF
Data updated: 2026-07-29
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $41K in broker commissions, 0.0400% of average net assets.
ACES Fees and Expenses
Annual operating expenses and sales charges of ACES. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ACES Costs Over Time
On $10,000 invested in ACES, assuming 5% a year before costs, total costs come to $372 over 5 years, cutting the return by 0.62% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $372 |
| Value after costs | $10,438 | $11,373 | $12,391 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
ACES Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0400%
- Total broker commissions: $41K
- Bought from dealers (principal trades, not a cost): $155.0M
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $26.2M
- Net income from securities lending: $405K (0.397% of average net assets)
ACES Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $40K | 98.74% |
| BTIG, LLC | $512 | 1.26% |
ACES Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITICORP SECURITIES SERVICES, INC. | $73.9M | 47.65% |
| MORGAN STANLEY | $25.9M | 16.69% |
| JPMORGAN DISTRIBUTION SERVICES, INC. | $25.0M | 16.10% |
| GOLDMAN SACHS & CO. LLC | $22.3M | 14.40% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $8.0M | 5.15% |
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.