AQGX Fees and Costs — AI Quality Growth ETF
Data updated: 2023-04-03
The net expense ratio is 0.96%: a 0.90% management fee plus 0.41% other expenses, less a 0.36% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $11K in broker commissions, 0.0169% of average net assets, and portfolio turnover was 64%.
AQGX Fees and Expenses
Annual operating expenses and sales charges of AQGX. Prospectus, as of May 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 0.41% |
| Gross expense ratio | 1.32% |
| Fee waiver | −0.36% |
| Net expense ratio | 0.96% |
| 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 | No |
AQGX Costs Over Time
On $10,000 invested in AQGX, assuming 5% a year before costs, total costs come to $611 over 5 years, cutting the return by 1.03% 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 0.96%) | $101 | $315 | $546 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $336 | $611 |
| Value after costs | $10,397 | $11,240 | $12,151 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
AQGX 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): 0.0169%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $17.5M
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
AQGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS Securities LLC | $5K | 49.10% |
| Wallachbeth Capital, LLC | $4K | 38.42% |
| Mischler Financial Group | $680 | 6.24% |
| Clear Street LLC | $680 | 6.24% |
AQGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Clear Street LLC | $12.6M | 72.18% |
| ML Professional Clearing Corp. | $4.5M | 25.52% |
| Goldman Sachs & Co. | $333K | 1.90% |
| Wallachbeth Capital, LLC | $69K | 0.39% |
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.