BLES Fees and Costs — Inspire Global Hope ETF
Data updated: 2026-07-28
The net expense ratio is 0.60%: a 0.30% management fee plus 0.30% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $31K in broker commissions, 0.0259% of average net assets, and portfolio turnover was 29%.
BLES Fees and Expenses
Annual operating expenses and sales charges of BLES. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
BLES Costs Over Time
On $10,000 invested in BLES, assuming 5% a year before costs, total costs come to $394 over 5 years, cutting the return by 0.66% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $216 | $394 |
| Value after costs | $10,434 | $11,360 | $12,368 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
BLES 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): 0.0259%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $69.3M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $509K
- Net income from securities lending: $8K (0.006% of average net assets)
BLES Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS Securities LLC | $30K | 96.49% |
| J.P. Morgan Securities LLC | $1K | 3.51% |
BLES Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $37.1M | 53.55% |
| Goldman, Sachs & Co. LLC | $28.7M | 41.44% |
| Virtu Americas LLC | $3.5M | 5.01% |
| GTS Securities LLC | $5 | 0.00% |
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.