BOXX Fees and Costs — Alpha Architect 1-3 Month Box ETF
Data updated: 2026-08-26
The net expense ratio is 0.19% (0.24% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $232K in broker commissions, 0.0103% of average net assets, and portfolio turnover was 0%.
BOXX Fees and Expenses
Annual operating expenses and sales charges of BOXX. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.24% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.24% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.19% |
| 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 |
BOXX Costs Over Time
On $10,000 invested in BOXX, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.19%) | $20 | $63 | $110 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
BOXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0103%
- Total broker commissions: $232K
- Bought from dealers (principal trades, not a cost): $188.1M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
BOXX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TJM INVESTMENTS LLC | $105K | 45.07% |
| OLD MISSION MARKETS, LLC | $60K | 25.75% |
| SG AMERICAS SECURITIES LLC | $52K | 22.60% |
| COWEN AND COMPANY LLC | $8K | 3.24% |
| INTERACTIVE BROKERS LLC | $6K | 2.62% |
| MIRAE ASSET SECURITIES (USA) INC. | $2K | 0.72% |
| SIGMA FINANCIAL CORPORATION | $6 | 0.00% |
BOXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| COWEN AND COMPANY LLC | $188.1M | 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.