BOAT Fees and Costs — SonicShares Global Shipping ETF
Data updated: 2026-08-25
The net expense ratio is 0.69%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $15K in broker commissions, 0.0336% of average net assets, and portfolio turnover was 25%.
BOAT Fees and Expenses
Annual operating expenses and sales charges of BOAT. Prospectus, as of July 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
BOAT Costs Over Time
On $10,000 invested in BOAT, assuming 5% a year before costs, total costs come to $455 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $249 | $455 |
| Value after costs | $10,424 | $11,327 | $12,308 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
BOAT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0336%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $5.1M
- Net income from securities lending: $40K (0.088% of average net assets)
BOAT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $8K | 52.69% |
| CITIGROUP GLOBAL MARKETS INC. | $4K | 25.82% |
| ROBERT W. BAIRD & CO. INCORPORATED | $1K | 8.48% |
| CLSA AMERICAS LLC | $1K | 8.06% |
| MIRAE ASSET SECURITIES (USA) INC. | $668 | 4.35% |
| TELSEY ADVISORY GROUP LLC | $91 | 0.59% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.