BUY Fees and Costs — USCF SummerHaven SHPEI Index Fund
Data updated: 2020-11-23
The net expense ratio is 0.80% (0.95% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $6K in broker commissions, 0.0305% of average net assets, and portfolio turnover was 75%.
BUY Fees and Expenses
Annual operating expenses and sales charges of BUY. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.80% |
| 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 |
BUY Costs Over Time
On $10,000 invested in BUY, assuming 5% a year before costs, total costs come to $521 over 5 years, cutting the return by 0.87% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $13 | $48 |
| Total costs | $87 | $286 | $521 |
| Value after costs | $10,413 | $11,290 | $12,242 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
BUY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0305%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $25.5M
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
BUY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $6K | 91.39% |
| GOLDMAN SACHS & CO. LLC | $531 | 8.61% |
BUY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $22.1M | 86.85% |
| WELLS FARGO SECURITIES, LLC | $2.9M | 11.54% |
| Kemet Corporation | $155K | 0.61% |
| AVX Corporation | $145K | 0.57% |
| Brown Brothers Harriman Investments, LLC | $110K | 0.43% |
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.