BUYN Fees and Costs — USCF SummerHaven SHPEN Index Fund
Data updated: 2020-05-05
The net expense ratio is 0.80% (0.95% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $2K in broker commissions, 0.1377% of average net assets, and portfolio turnover was 113%.
BUYN Fees and Expenses
Annual operating expenses and sales charges of BUYN. 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) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BUYN Costs Over Time
On $10,000 invested in BUYN, assuming 5% a year before costs, total costs come to $587 over 5 years, cutting the return by 0.98% 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 | $262 | $455 |
| Trading costs (broker commissions) | $14 | $45 | $78 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $323 | $587 |
| Value after costs | $10,402 | $11,254 | $12,176 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
BUYN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1377%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 113%
- Securities lending: none during the year
BUYN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| The Goldman Sachs Group, Inc. | $2K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.