AIEQ Fees and Costs — AI Powered Equity ETF
Data updated: 2024-02-28
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1.6M in broker commissions, 1.5112% of average net assets, and portfolio turnover was 1708%.
AIEQ Fees and Expenses
Annual operating expenses and sales charges of AIEQ. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
AIEQ Costs Over Time
On $10,000 invested in AIEQ, assuming 5% a year before costs, total costs come to $1,379 over 5 years, cutting the return by 2.37% 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 0.75%) | $79 | $243 | $415 |
| Trading costs (broker commissions) | $159 | $489 | $836 |
| Lost growth on money paid in costs | $0 | $37 | $128 |
| Total costs | $237 | $768 | $1,379 |
| Value after costs | $10,263 | $10,809 | $11,384 |
| Impact on return, per year | 2.37% | 2.37% | 2.37% |
AIEQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 1.5112%
- Total broker commissions: $1.6M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1708%
- Securities on loan, average value: $19.5M
- Net income from securities lending: $673K (0.625% of average net assets)
AIEQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $1.6M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.