BWTG Fees and Costs — Brendan Wood TopGun ETF
Data updated: 2026-07-28
The net expense ratio is 0.95%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $177 in broker commissions, 0.0014% of average net assets, and portfolio turnover was 21%.
BWTG Fees and Expenses
Annual operating expenses and sales charges of BWTG. Prospectus, as of December 29, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.98% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | — |
| Fee waiver | −0.03% |
| Net expense ratio | 0.95% |
| 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 |
BWTG Costs Over Time
On $10,000 invested in BWTG, assuming 5% a year before costs, total costs come to $596 over 5 years, cutting the return by 1.00% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $327 | $596 |
| Value after costs | $10,400 | $11,249 | $12,167 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
BWTG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0014%
- Total broker commissions: $177
- Bought from dealers (principal trades, not a cost): $9.2M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
BWTG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group, Inc. | $177 | 100.00% |
BWTG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $7.5M | 81.22% |
| BofA Securities, Inc. | $1.7M | 18.78% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.