ACIO Fees and Costs — Aptus Collared Investment Opportunity ETF
Data updated: 2026-09-29
The net expense ratio is 0.79%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3.5M in broker commissions, 0.1677% of average net assets, and portfolio turnover was 34%.
ACIO Fees and Expenses
Annual operating expenses and sales charges of ACIO. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| 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 |
ACIO Costs Over Time
On $10,000 invested in ACIO, assuming 5% a year before costs, total costs come to $600 over 5 years, cutting the return by 1.01% 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 0.79%) | $83 | $259 | $449 |
| Trading costs (broker commissions) | $18 | $55 | $95 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $329 | $600 |
| Value after costs | $10,399 | $11,247 | $12,163 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
ACIO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1677%
- Total broker commissions: $3.5M
- Bought from dealers (principal trades, not a cost): $400
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
ACIO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $2.2M | 61.07% |
| SEAPORT GLOBAL SECURITIES LLC | $698K | 19.77% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $520K | 14.72% |
| SG AMERICAS SECURITIES, LLC | $83K | 2.36% |
| RAYMOND JAMES & ASSOCIATES, INC. | $42K | 1.19% |
| GOLDMAN SACHS & CO. LLC | $19K | 0.55% |
| RBC CAPITAL MARKETS, LLC | $12K | 0.33% |
| TUDOR PICKERING HOLT & CO ADVISORS LP | $159 | 0.00% |
ACIO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $400 | 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.