BRKC Fees and Costs — YieldMax BRK.B Option Income Strategy ETF
Data updated: 2026-09-28
The net expense ratio is 1.01%: a 0.99% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0545% of average net assets, and portfolio turnover was 0%.
BRKC Fees and Expenses
Annual operating expenses and sales charges of BRKC. Prospectus, as of February 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.01% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| 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 |
BRKC Costs Over Time
On $10,000 invested in BRKC, assuming 5% a year before costs, total costs come to $665 over 5 years, cutting the return by 1.12% 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 1.01%) | $106 | $331 | $573 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $366 | $665 |
| Value after costs | $10,388 | $11,210 | $12,098 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
BRKC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0545%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $51.0M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
BRKC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $10K | 88.17% |
| CITADEL SECURITIES LLC | $1K | 9.40% |
| JANE STREET EXECUTION SERVICES LLC | $248 | 2.21% |
| SG Americas Securites LLC | $25 | 0.22% |
BRKC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $38.2M | 74.95% |
| BOFA SECURITIES INC. | $3.2M | 6.31% |
| RBC CAPITAL MARKETS LLC | $3.2M | 6.30% |
| BMO CAPITAL MARKETS CORP. | $3.2M | 6.30% |
| J.P. MORGAN SECURITIES LLC | $3.1M | 6.14% |
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.