AGGP Fees and Costs — IQ Enhanced Core Plus Bond U.S. ETF
Data updated: 2021-03-30
The net expense ratio is 0.30% (0.35% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $152K in broker commissions, 0.1389% of average net assets, and portfolio turnover was 291%.
AGGP Fees and Expenses
Annual operating expenses and sales charges of AGGP. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.35% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.30% |
| 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 |
AGGP Costs Over Time
On $10,000 invested in AGGP, assuming 5% a year before costs, total costs come to $278 over 5 years, cutting the return by 0.46% 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 0.30%) | $32 | $99 | $172 |
| Trading costs (broker commissions) | $15 | $46 | $80 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $152 | $278 |
| Value after costs | $10,454 | $11,424 | $12,485 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
AGGP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1389%
- Total broker commissions: $152K
- Bought from dealers (principal trades, not a cost): $113.7M
- Portfolio turnover (prospectus): 291%
- Securities on loan, average value: $26.7M
- Net income from securities lending: $26K (0.024% of average net assets)
AGGP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $41K | 27.23% |
| VIRTU FINANCIAL BD LLC | $35K | 23.21% |
| VIRTU AMERICAS LLC | $32K | 21.01% |
| J.P. Morgan Securities LLC | $12K | 7.68% |
| BOFA SECURITIES, INC. | $8K | 5.13% |
| WallachBeth Capital LLC | $8K | 5.07% |
| CitiGroup Global Markets Inc. | $6K | 3.66% |
| CANTOR FITZGERALD & CO. | $5K | 3.23% |
| Jane Street Execution Services, LLC | $4K | 2.89% |
| Stifel, Nicolaus & Company, Incorporated | $1K | 0.88% |
AGGP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $47.1M | 41.42% |
| GOLDMAN SACHS & CO. LLC | $19.6M | 17.27% |
| CITADEL SECURITIES LLC | $19.5M | 17.17% |
| J.P. Morgan Securities LLC | $18.6M | 16.36% |
| BOFA SECURITIES, INC. | $7.9M | 6.91% |
| Jane Street Execution Services, LLC | $997K | 0.88% |
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.