C000137330 Fees and Costs — WBI BullBear Rising Income 3000 ETF
Data updated: 2021-05-17
The net expense ratio is 1.24%: a 0.85% management fee plus 0.39% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 790%.
C000137330 Fees and Expenses
Annual operating expenses and sales charges of C000137330. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.24% |
| Fee waiver | — |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
C000137330 Costs Over Time
On $10,000 invested in C000137330, assuming 5% a year before costs, total costs come to $772 over 5 years, cutting the return by 1.30% 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 1.24%) | $130 | $405 | $701 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $425 | $772 |
| Value after costs | $10,370 | $11,151 | $11,991 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
C000137330 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $654.3M
- Portfolio turnover (prospectus): 790%
- Securities on loan, average value: $6.2M
- Net income from securities lending: $8K (0.016% of average net assets)
C000137330 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $653.0M | 99.80% |
| PUMA CAPITAL, LLC | $1.3M | 0.20% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.