AGOV Fees and Costs — ETC Gavekal Asia Pacific Government Bond ETF
Data updated: 2023-11-21
The net expense ratio is 0.50%. There are no sales loads or redemption fees. Portfolio turnover was 23%.
AGOV Fees and Expenses
Annual operating expenses and sales charges of AGOV. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
AGOV Costs Over Time
On $10,000 invested in AGOV, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% 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 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
AGOV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $24.1M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
AGOV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $7.7M | 32.08% |
| Edelweiss Securities Limited | $5.5M | 22.96% |
| J.P. Morgan Securities LLC | $2.6M | 10.91% |
| TD SECURITIES (USA) LLC | $2.4M | 9.97% |
| STANDARD CHARTERED SECURITIES NORTH AMERICA LLC | $1.8M | 7.55% |
| ANZ SECURITIES LIMITED | $1.6M | 6.72% |
| CitiGroup Global Markets Inc. | $1.6M | 6.58% |
| DEUTSCHE BANK SECURITIES, INC. | $636K | 2.63% |
| GOLDMAN SACHS & CO. LLC | $141K | 0.59% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.