BNE Fees and Costs — Blue Horizon BNE ETF
Data updated: 2024-09-30
The net expense ratio is 0.87% (0.89% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $5K in broker commissions, 0.0697% of average net assets, and portfolio turnover was 56%.
BNE Fees and Expenses
Annual operating expenses and sales charges of BNE. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.89% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.87% |
| 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 |
BNE Costs Over Time
On $10,000 invested in BNE, assuming 5% a year before costs, total costs come to $588 over 5 years, cutting the return by 0.99% 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 0.87%) | $91 | $285 | $495 |
| Trading costs (broker commissions) | $7 | $23 | $40 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $323 | $588 |
| Value after costs | $10,401 | $11,253 | $12,174 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
BNE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0697%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
BNE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $2K | 50.37% |
| BTIG, LLC | $2K | 46.89% |
| WALLACHBETH CAPITAL LLC | $128 | 2.74% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.