C000097936 Fees and Costs — TOPS Managed Risk Growth ETF Portfolio, Class 1
Data updated: 2026-08-24
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0032% of average net assets, and portfolio turnover was 6%.
C000097936 Fees and Expenses
Annual operating expenses and sales charges of C000097936. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
C000097936 Costs Over Time
On $10,000 invested in C000097936, assuming 5% a year before costs, total costs come to $318 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $174 | $318 |
| Value after costs | $10,447 | $11,402 | $12,445 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
C000097936 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0032%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $530.7M
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $7.3M
- Net income from securities lending: $30K (0.018% of average net assets)
C000097936 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET | $3K | 58.19% |
| STONEX FINANCIAL | $1K | 21.64% |
| MESIROW FINANCIAL | $1K | 20.17% |
C000097936 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA MERRILL LYNCH | $217.8M | 100.00% |
TOPS Managed Risk Growth ETF Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000097936 | Class 1 | 0.50% | — |
| C000097937 | Class 2 | 0.75% | — |
| C000112457 | Class 3 | 0.85% | — |
| C000158842 | Investor Class | 1.00% | — |
| C000112458 | Class 4 | 1.10% | — |
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.