C000123404 Fees and Costs — AdvisorShares North Square McKee Core Reserves ETF
Data updated: 2023-05-26
The net expense ratio is 0.35%: a 0.30% management fee plus 0.35% other expenses, less a 0.30% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $12 in broker commissions, and portfolio turnover was 99%.
C000123404 Fees and Expenses
Annual operating expenses and sales charges of C000123404. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.30% |
| Net expense ratio | 0.35% |
| 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 | Yes |
C000123404 Costs Over Time
On $10,000 invested in C000123404, assuming 5% a year before costs, total costs come to $222 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $121 | $222 |
| Value after costs | $10,463 | $11,455 | $12,541 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
C000123404 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $12
- Bought from dealers (principal trades, not a cost): $52.1M
- Portfolio turnover (prospectus): 99%
- Securities on loan, average value: $423K
- Net income from securities lending: $341 (0.001% of average net assets)
C000123404 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS, LLC | $12 | 100.00% |
C000123404 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $7.8M | 20.53% |
| J.P. Morgan Securities LLC | $6.2M | 16.25% |
| CitiGroup Global Markets Inc. | $4.4M | 11.50% |
| STEPHENS INC. | $4.1M | 10.88% |
| WELLS FARGO SECURITIES, LLC | $3.9M | 10.22% |
| CITADEL SECURITIES LLC | $3.5M | 9.21% |
| Jane Street Execution Services, LLC | $2.3M | 6.13% |
| MUFG SECURITIES AMERICAS INC. | $2.2M | 5.80% |
| DEUTSCHE BANK SECURITIES, INC. | $2.0M | 5.29% |
| RBC CAPITAL MARKETS LLC | $1.6M | 4.18% |
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.