APXH Fees and Costs — APEX Healthcare ETF
Data updated: 2022-12-28
The net expense ratio is 0.95% (5.85% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $6K in broker commissions, 0.1557% of average net assets, and portfolio turnover was 78%.
APXH Fees and Expenses
Annual operating expenses and sales charges of APXH. Prospectus, as of November 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 5.05% |
| Gross expense ratio | 5.85% |
| Fee waiver | −4.90% |
| Net expense ratio | 0.95% |
| 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 | Yes |
APXH Costs Over Time
On $10,000 invested in APXH, assuming 5% a year before costs, total costs come to $690 over 5 years, cutting the return by 1.16% 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 0.95%) | $100 | $311 | $539 |
| Trading costs (broker commissions) | $16 | $51 | $88 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $380 | $690 |
| Value after costs | $10,384 | $11,196 | $12,073 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
APXH Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1557%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $6.8M
- Portfolio turnover (prospectus): 78%
- Securities lending: none during the year
APXH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP | $6K | 100.00% |
APXH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $4.0M | 58.41% |
| VIRTU FINANCIAL CAPITAL MARKETS | $2.2M | 32.21% |
| JANE STREET EXECUTION SERVICES, LLC | $642K | 9.38% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.