BAMA Fees and Costs — Brookstone Active ETF
Data updated: 2026-09-24
The net expense ratio is 1.01% (1.04% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $11K in broker commissions, 0.0229% of average net assets, and portfolio turnover was 56%.
BAMA Fees and Expenses
Annual operating expenses and sales charges of BAMA. Prospectus, as of September 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.01% |
| 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 |
BAMA Costs Over Time
On $10,000 invested in BAMA, assuming 5% a year before costs, total costs come to $646 over 5 years, cutting the return by 1.08% 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 1.01%) | $106 | $331 | $573 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $355 | $646 |
| Value after costs | $10,392 | $11,221 | $12,117 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
BAMA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0229%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $49.9M
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
BAMA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS Securities, LLC | $11K | 100.00% |
BAMA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $42.6M | 85.51% |
| VIRTU FINANCIAL | $4.9M | 9.77% |
| BANK OF AMERICA MERRILL LYNCH | $2.4M | 4.72% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.