AVDR Fees and Costs — AVDR US LargeCap Leading ETF
Data updated: 2022-07-29
The net expense ratio is 0.60%: a 0.40% management fee plus 3.47% other expenses, less a 3.27% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $3K in broker commissions, 0.0325% of average net assets, and portfolio turnover was 153%.
AVDR Fees and Expenses
Annual operating expenses and sales charges of AVDR. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.47% |
| Gross expense ratio | 3.87% |
| Fee waiver | −3.27% |
| 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 |
AVDR Costs Over Time
On $10,000 invested in AVDR, assuming 5% a year before costs, total costs come to $399 over 5 years, cutting the return by 0.66% 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) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $218 | $399 |
| Value after costs | $10,434 | $11,358 | $12,364 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
AVDR 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): 0.0325%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $44.5M
- Portfolio turnover (prospectus): 153%
- Securities lending: none during the year
AVDR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS MISCHLER | $3K | 87.27% |
| BTIG LLC | $378 | 12.47% |
| JPMORGAN CHASE | $4 | 0.13% |
| MISCHLER FINANCIAL GROUP | $4 | 0.13% |
AVDR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $23.1M | 52.01% |
| JPMORGAN CHASE | $18.3M | 41.17% |
| BANK OF AMERICA MERRILL LYNCH | $3.0M | 6.82% |
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.