AIIQ Fees and Costs — AI Powered International Equity ETF
Data updated: 2022-08-11
The net expense ratio is 0.79%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $39K in broker commissions, 0.3959% of average net assets, and portfolio turnover was 330%.
AIIQ Fees and Expenses
Annual operating expenses and sales charges of AIIQ. Prospectus, as of September 30, 2021.
| 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 |
AIIQ Costs Over Time
On $10,000 invested in AIIQ, assuming 5% a year before costs, total costs come to $739 over 5 years, cutting the return by 1.25% 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 | $258 | $447 |
| Trading costs (broker commissions) | $42 | $129 | $224 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $407 | $739 |
| Value after costs | $10,375 | $11,169 | $12,024 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
AIIQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.3959%
- Total broker commissions: $39K
- Bought from dealers (principal trades, not a cost): $48K
- Portfolio turnover (prospectus): 330%
- Securities lending: none during the year
AIIQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $27K | 69.67% |
| MISCHLER FINANCIAL GROUP, INC. | $12K | 29.62% |
| ROBERT W. BAIRD & CO. INCORPORATED | $235 | 0.60% |
| MIRAE ASSET SECURITIES (USA) INC. | $45 | 0.11% |
| JANE STREET EXECUTION SERVICES, LLC | $1 | 0.00% |
AIIQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $48K | 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.