BLCN Fees and Costs — Siren Nasdaq NexGen Economy ETF
Data updated: 2026-08-27
The net expense ratio is 0.68%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $731K in broker commissions, 1.1190% of average net assets, and portfolio turnover was 771%.
BLCN Fees and Expenses
Annual operating expenses and sales charges of BLCN. Prospectus, as of June 12, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.68% |
| Fee waiver | — |
| Net expense ratio | 0.68% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BLCN Costs Over Time
On $10,000 invested in BLCN, assuming 5% a year before costs, total costs come to $1,107 over 5 years, cutting the return by 1.89% 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 0.68%) | $71 | $221 | $380 |
| Trading costs (broker commissions) | $117 | $364 | $625 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $189 | $614 | $1,107 |
| Value after costs | $10,311 | $10,963 | $11,655 |
| Impact on return, per year | 1.89% | 1.89% | 1.89% |
BLCN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 1.1190%
- Total broker commissions: $731K
- Bought from dealers (principal trades, not a cost): $227.5M
- Portfolio turnover (prospectus): 771%
- Securities lending: none during the year
BLCN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Axos Clearing LLC | $574K | 78.76% |
| RBC Capital Markets LLC | $122K | 16.72% |
| Macro Risk Advisors LLC | $30K | 4.10% |
| San Blas Securities LLC | $2K | 0.34% |
| Paulson Investment Company LLC | $580 | 0.08% |
BLCN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Broad Street Securities Inc | $227.5M | 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.