BTEC Fees and Costs — Principal Healthcare Innovators ETF
Data updated: 2024-09-09
The net expense ratio is 0.42%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $23K in broker commissions, 0.0536% of average net assets, and portfolio turnover was 57%.
BTEC Fees and Expenses
Annual operating expenses and sales charges of BTEC. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.42% |
| Fee waiver | — |
| Net expense ratio | 0.42% |
| 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 |
BTEC Costs Over Time
On $10,000 invested in BTEC, assuming 5% a year before costs, total costs come to $299 over 5 years, cutting the return by 0.50% 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 0.42%) | $44 | $138 | $241 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $50 | $164 | $299 |
| Value after costs | $10,450 | $11,413 | $12,463 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
BTEC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0536%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $47.0M
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $936K
- Net income from securities lending: $93K (0.217% of average net assets)
BTEC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $19K | 81.73% |
| CIBC World Markets Corp. | $821 | 3.60% |
| Robert W. Baird & Co. Incorporated | $722 | 3.16% |
| BNP Paribas Securities Corp. | $648 | 2.84% |
| Citation Group Ltd. | $501 | 2.20% |
| Jefferies LLC | $420 | 1.84% |
| J.P. Morgan Securities LLC | $318 | 1.39% |
| Piper Sandler & Co. | $293 | 1.28% |
| CastleOak Securities, L.P. | $259 | 1.13% |
| Wells Fargo Securities, LLC | $187 | 0.82% |
BTEC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $40.9M | 86.92% |
| State Street Bank and Trust Company | $2.8M | 6.04% |
| Goldman Sachs & Co. LLC | $1.8M | 3.81% |
| CIBC World Markets Corp. | $1.3M | 2.73% |
| Wells Fargo Securities, LLC | $234K | 0.50% |
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.