ADME Fees and Costs — Aptus Drawdown Managed Equity 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 $758K in broker commissions, 0.3179% of average net assets, and portfolio turnover was 33%.
ADME Fees and Expenses
Annual operating expenses and sales charges of ADME. 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 |
ADME Costs Over Time
On $10,000 invested in ADME, assuming 5% a year before costs, total costs come to $692 over 5 years, cutting the return by 1.16% 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 | $448 |
| Trading costs (broker commissions) | $33 | $104 | $180 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $381 | $692 |
| Value after costs | $10,384 | $11,196 | $12,071 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
ADME 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): 0.3179%
- Total broker commissions: $758K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
ADME Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $387K | 51.00% |
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $362K | 47.73% |
| RAYMOND JAMES & ASSOCIATES, INC. | $5K | 0.70% |
| GOLDMAN SACHS & CO. LLC | $2K | 0.30% |
| RBC CAPITAL MARKETS, LLC | $1K | 0.15% |
| BNY MELLON CAPITAL MARKETS, LLC | $900 | 0.12% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.