ARKA Fees and Costs — ARK 21 Shares Active Bitcoin Futures Strategy ETF
Data updated: 2025-08-29
The net expense ratio is 0.70%: a 0.70% management fee plus 0.07% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $11K in broker commissions, 0.0885% of average net assets, and portfolio turnover was 0%.
ARKA Fees and Expenses
Annual operating expenses and sales charges of ARKA. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.70% |
| 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 |
ARKA Costs Over Time
On $10,000 invested in ARKA, assuming 5% a year before costs, total costs come to $495 over 5 years, cutting the return by 0.83% 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 0.70%) | $74 | $230 | $399 |
| Trading costs (broker commissions) | $9 | $29 | $51 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $272 | $495 |
| Value after costs | $10,417 | $11,305 | $12,268 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
ARKA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0885%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
ARKA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS LLC | $11K | 100.00% |
ARKA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PHILLIP CAPITAL INC. | $1.2M | 71.30% |
| COWEN AND COMPANY LLC | $502K | 28.70% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.