AVDG Fees and Costs — AVDR US LargeCap ESG ETF
Data updated: 2022-07-29
The net expense ratio is 0.60%: a 0.40% management fee plus 10.90% other expenses, less a 10.70% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $309 in broker commissions, 0.0168% of average net assets, and portfolio turnover was 69%.
AVDG Fees and Expenses
Annual operating expenses and sales charges of AVDG. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 10.90% |
| Gross expense ratio | 11.30% |
| Fee waiver | −10.70% |
| Net expense ratio | 0.60% |
| 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 |
AVDG Costs Over Time
On $10,000 invested in AVDG, assuming 5% a year before costs, total costs come to $389 over 5 years, cutting the return by 0.65% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $213 | $389 |
| Value after costs | $10,435 | $11,363 | $12,374 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
AVDG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0168%
- Total broker commissions: $309
- Bought from dealers (principal trades, not a cost): $7.6M
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
AVDG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS MISCHLER | $179 | 57.93% |
| BTIG LLC | $128 | 41.42% |
| MISCHLER FINANCIAL GROUP | $1 | 0.32% |
| WALLACHBETH | $1 | 0.32% |
AVDG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $7.0M | 91.90% |
| BANK OF AMERICA MERRILL LYNCH | $617K | 8.10% |
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.