BCUS Fees and Costs — Bancreek US Large Cap ETF
Data updated: 2026-07-28
The net expense ratio is 0.70% (0.80% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $24K in broker commissions, 0.0269% of average net assets, and portfolio turnover was 227%.
BCUS Fees and Expenses
Annual operating expenses and sales charges of BCUS. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.70% |
| 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 |
BCUS Costs Over Time
On $10,000 invested in BCUS, assuming 5% a year before costs, total costs come to $457 over 5 years, cutting the return by 0.76% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $251 | $457 |
| Value after costs | $10,424 | $11,326 | $12,306 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
BCUS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0269%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $227.1M
- Portfolio turnover (prospectus): 227%
- Securities lending: none during the year
BCUS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group, Inc. | $21K | 86.17% |
| BTIG LLC | $3K | 13.83% |
BCUS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $144.5M | 63.62% |
| Bofa Securities, Inc. | $59.5M | 26.19% |
| Virtu Americas LLC | $22.8M | 10.05% |
| J.P. Morgan Securities LLC | $323K | 0.14% |
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.