BATPX Fees and Costs — BATS: Interest Rate Hedge Series
Data updated: 2026-08-27
The net expense ratio is 0.14% (4.29% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $504 in broker commissions, 0.0166% of average net assets, and portfolio turnover was 0%.
BATPX Fees and Expenses
Annual operating expenses and sales charges of BATPX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.15% |
| Gross expense ratio | 4.29% |
| Fee waiver | −4.15% |
| Net expense ratio | 0.14% |
| 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 |
BATPX Costs Over Time
On $10,000 invested in BATPX, assuming 5% a year before costs, total costs come to $100 over 5 years, cutting the return by 0.16% 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 0.14%) | $15 | $46 | $81 |
| Trading costs (broker commissions) | $2 | $5 | $10 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $16 | $54 | $100 |
| Value after costs | $10,484 | $11,522 | $12,663 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
BATPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0166%
- Total broker commissions: $504
- Bought from dealers (principal trades, not a cost): $3.9M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
BATPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $161 | 32.07% |
| J.P. Morgan Securities LLC | $120 | 23.90% |
| GOLDMAN SACHS & CO. LLC | $65 | 12.95% |
| MIZUHO SECURITIES USA LLC | $57 | 11.35% |
| HSBC SECURITIES (USA) INC. | $37 | 7.37% |
| CitiGroup Global Markets Inc. | $25 | 4.98% |
| RBC CAPITAL MARKETS, LLC | $13 | 2.59% |
| DEUTSCHE BANK SECURITIES INC. | $10 | 1.99% |
| BARCLAYS CAPITAL, INC. | $10 | 1.99% |
| BNP PARIBAS SECURITIES CORP. | $4 | 0.80% |
BATPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Dreyfus Treasury Securities Cash Management | $3.9M | 100.00% |
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.