AILV Fees and Costs — Alpha Intelligent - Large Cap Value ETF
Data updated: 2023-06-28
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $406 in broker commissions, 0.0587% of average net assets, and portfolio turnover was 239%.
AILV Fees and Expenses
Annual operating expenses and sales charges of AILV. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| 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 |
AILV Costs Over Time
On $10,000 invested in AILV, assuming 5% a year before costs, total costs come to $569 over 5 years, cutting the return by 0.95% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $95 | $313 | $569 |
| Value after costs | $10,405 | $11,264 | $12,193 |
| Impact on return, per year | 0.95% | 0.95% | 0.95% |
AILV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0587%
- Total broker commissions: $406
- Bought from dealers (principal trades, not a cost): $355
- Portfolio turnover (prospectus): 239%
- Securities lending: none during the year
AILV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DIRECT TRADING INSTITUTIONAL INC | $354 | 87.19% |
| VIRTU AMERICAS LLC | $52 | 12.81% |
AILV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| DIRECT TRADING INSTITUTIONAL INC | $355 | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.