BRES Fees and Costs — Burney U.S. Equity Select ETF

Data updated: 2026-10-13

The net expense ratio is 0.79%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $173K in broker commissions, 0.0272% of average net assets.

BRES Fees and Expenses

Annual operating expenses and sales charges of BRES. Prospectus, as of January 31, 2026.

Annual operating expenses
Management fee0.79%
12b-1 fee0.00%
Other expenses0.00%
Gross expense ratio0.79%
Fee waiver—
Net expense ratio0.79%
Sales charges
Max front load—
Max deferred load—
Redemption fee—

BRES Costs Over Time

On $10,000 invested in BRES, assuming 5% a year before costs, total costs come to $513 over 5 years, cutting the return by 0.86% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).

$10,000 investedSell after 1 yearSell after 3 yearsSell after 5 years
Value before costs$10,500$11,576$12,763
Fund expenses (net expense ratio 0.79%)$83$259$451
Trading costs (broker commissions)$3$9$16
Lost growth on money paid in costs$0$13$47
Total costs$86$281$513
Value after costs$10,414$11,295$12,250
Impact on return, per year0.86%0.86%0.86%

BRES Trading Costs

Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.

  • Explicit cost rate (commissions ÷ average net assets): 0.0272%
  • Total broker commissions: $173K
  • Bought from dealers (principal trades, not a cost): —
  • Portfolio turnover (prospectus): —

BRES Agency Brokers

Commissions paid.

BrokerAmountShare
MISCHLER FINANCIAL GROUP, INC.$172K99.18%
MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED$1K0.82%

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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.