BUDX Fees and Costs — Cannabis Growth ETF
Data updated: 2023-04-03
The net expense ratio is 0.79% (11.95% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 177%.
BUDX Fees and Expenses
Annual operating expenses and sales charges of BUDX. Prospectus, as of July 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 11.16% |
| Gross expense ratio | 11.95% |
| Fee waiver | −11.16% |
| Net expense ratio | 0.79% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BUDX Costs Over Time
On $10,000 invested in BUDX, assuming 5% a year before costs, total costs come to $496 over 5 years, cutting the return by 0.83% 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 | $451 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $272 | $496 |
| Value after costs | $10,417 | $11,304 | $12,267 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
BUDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 177%
- Securities lending: none during the year
BUDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DASH FINANCIAL TECHNOLOGIES LLC | $13K | 86.98% |
| BANC OF AMERICA SECURITIES LLC | $2K | 13.02% |
BUDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANC OF AMERICA SECURITIES LLC | $2.3M | 71.11% |
| BROWN BROTHERS HARRIMAN & CO. | $950K | 28.89% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.