BCIM Fees and Costs — abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF
Data updated: 2025-11-26
The net expense ratio is 0.40%: a 0.39% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $5K in broker commissions, 0.0220% of average net assets, and portfolio turnover was 0%.
BCIM Fees and Expenses
Annual operating expenses and sales charges of BCIM. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| 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 |
BCIM Costs Over Time
On $10,000 invested in BCIM, assuming 5% a year before costs, total costs come to $267 over 5 years, cutting the return by 0.44% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $146 | $267 |
| Value after costs | $10,456 | $11,430 | $12,496 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
BCIM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0220%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $313.4M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
BCIM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $5K | 100.00% |
BCIM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $195.6M | 62.40% |
| Morgan Stanley & Co. LLC | $44.9M | 14.32% |
| Goldman Sachs & Co. LLC | $39.2M | 12.52% |
| Citadel Securities LLC | $28.8M | 9.18% |
| BofA Securities, Inc. | $4.9M | 1.58% |
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.