BRNY Fees and Costs — Burney U.S. Factor Rotation 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 $368K in broker commissions, 0.0743% of average net assets, and portfolio turnover was 222%.

BRNY Fees and Expenses

Annual operating expenses and sales charges of BRNY. Prospectus, as of November 30, 2025.

Annual operating expenses
Management fee	0.79%
12b-1 fee	0.00%
Other expenses	0.00%
Gross expense ratio	0.79%
Fee waiver	—
Net expense ratio	0.79%

Sales charges
Max front load	—
Max deferred load	—
Redemption fee	—

BRNY Costs Over Time

On $10,000 invested in BRNY, assuming 5% a year before costs, total costs come to $542 over 5 years, cutting the return by 0.91% 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 0.79%)	$83	$259	$450
Trading costs (broker commissions)	$8	$24	$42
Lost growth on money paid in costs	$0	$14	$50
Total costs	$91	$298	$542
Value after costs	$10,409	$11,279	$12,221
Impact on return, per year	0.91%	0.91%	0.91%

BRNY 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): 0.0743%
Total broker commissions: $368K
Bought from dealers (principal trades, not a cost): —
Portfolio turnover (prospectus): 222%

BRNY Agency Brokers

Commissions paid.

Broker	Amount	Share
MISCHLER FINANCIAL GROUP, INC.	$368K	100.00%
RBC CAPITAL MARKETS LLC	$1	0.00%

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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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