C000057273 Fees and Costs — VanEck Vectors Coal ETF
Data updated: 2020-11-25
The net expense ratio is 0.60%: a 0.50% management fee plus 0.28% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $18K in broker commissions, 0.0398% of average net assets, and portfolio turnover was 24%.
C000057273 Fees and Expenses
Annual operating expenses and sales charges of C000057273. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.28% |
| Gross expense ratio | 0.78% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.60% |
| 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 |
C000057273 Costs Over Time
On $10,000 invested in C000057273, assuming 5% a year before costs, total costs come to $403 over 5 years, cutting the return by 0.67% 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 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $221 | $403 |
| Value after costs | $10,433 | $11,355 | $12,360 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
C000057273 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0398%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $24.0M
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $47K (0.105% of average net assets)
C000057273 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $5K | 27.02% |
| Morgan Stanley & Co. LLC | $4K | 25.14% |
| BofA Securities, Inc. | $4K | 21.95% |
| Deutsche Bank Securities Inc. | $4K | 20.00% |
| Citigroup Global Markets Inc. | $641 | 3.60% |
| HSBC Securities (USA) Inc. | $407 | 2.29% |
C000057273 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $5.8M | 24.03% |
| Morgan Stanley & Co. LLC | $5.7M | 23.55% |
| Goldman Sachs & Co. LLC | $4.8M | 20.12% |
| Deutsche Bank Securities Inc. | $4.8M | 19.83% |
| Credit Suisse Securities (USA) LLC | $1.6M | 6.75% |
| Citigroup Global Markets Inc. | $516K | 2.14% |
| HSBC Securities (USA) Inc. | $508K | 2.11% |
| UBS Securities LLC | $353K | 1.47% |
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.