BYOB Fees and Costs — SoFi Be Your Own Boss ETF
Data updated: 2024-01-29
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $2K in broker commissions, 0.0199% of average net assets, and portfolio turnover was 38%.
BYOB Fees and Expenses
Annual operating expenses and sales charges of BYOB. Prospectus, as of June 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
BYOB Costs Over Time
On $10,000 invested in BYOB, assuming 5% a year before costs, total costs come to $384 over 5 years, cutting the return by 0.64% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $2 | $7 | $11 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $384 |
| Value after costs | $10,436 | $11,366 | $12,378 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
BYOB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0199%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $2.8M
- Net income from securities lending: $29K (0.307% of average net assets)
BYOB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD & CO. INCORPORATED | $1K | 74.64% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $282 | 15.08% |
| BTIG LLC | $157 | 8.40% |
| JANE STREET EXECUTION SERVICES LLC | $35 | 1.88% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.