BSEA Fees and Costs — ETFMG Breakwave Sea Decarbonization Tech ETF
Data updated: 2023-09-13
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0529% of average net assets, and portfolio turnover was 34%.
BSEA Fees and Expenses
Annual operating expenses and sales charges of BSEA. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
BSEA Costs Over Time
On $10,000 invested in BSEA, assuming 5% a year before costs, total costs come to $504 over 5 years, cutting the return by 0.84% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $277 | $504 |
| Value after costs | $10,416 | $11,300 | $12,259 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
BSEA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0529%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $324K
- Net income from securities lending: $11K (0.501% of average net assets)
BSEA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mirae Asset Securities, Inc. | $546 | 48.89% |
| Baypoint Trading LLC/Bass Trading, Bass Trading, BTIG LLC | $539 | 48.29% |
| Merrill Lynch, Inc. | $32 | 2.82% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.