ASET Fees and Costs — FlexShares Real Assets Allocation Index Fund
Data updated: 2025-09-25
The net expense ratio is 0.51% (0.98% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $2K in broker commissions, 0.0142% of average net assets.
ASET Fees and Expenses
Annual operating expenses and sales charges of ASET. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.98% |
| Fee waiver | −0.47% |
| Net expense ratio | 0.51% |
| 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 |
ASET Costs Over Time
On $10,000 invested in ASET, assuming 5% a year before costs, total costs come to $331 over 5 years, cutting the return by 0.55% 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 0.51%) | $54 | $168 | $293 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $181 | $331 |
| Value after costs | $10,445 | $11,395 | $12,432 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
ASET Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0142%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $12.1M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
ASET Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $740 | 45.10% |
| Jane Street Execution Services, LLC | $496 | 30.22% |
| Citadel Securities LLC | $224 | 13.64% |
| Flow Traders U.S. Institutional Trading LLC | $141 | 8.61% |
| Jane Street Capital, LLC | $40 | 2.44% |
ASET Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6.8M | 56.06% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $5.3M | 43.94% |
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.