C000158836 Fees and Costs — TOPS Balanced ETF Portfolio, Investor Class
Data updated: 2026-08-24
The net expense ratio is 0.79%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.0046% of average net assets, and portfolio turnover was 9%.
C000158836 Fees and Expenses
Annual operating expenses and sales charges of C000158836. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| 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 |
C000158836 Costs Over Time
On $10,000 invested in C000158836, assuming 5% a year before costs, total costs come to $499 over 5 years, cutting the return by 0.83% 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 0.79%) | $83 | $259 | $451 |
| Trading costs (broker commissions) | $0 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $83 | $274 | $499 |
| Value after costs | $10,417 | $11,302 | $12,264 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
C000158836 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): 0.0046%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 9%
- Securities on loan, average value: $10.3M
- Net income from securities lending: $54K (0.040% of average net assets)
C000158836 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET | $3K | 54.07% |
| MESIROW FINANCIAL | $2K | 24.09% |
| STONEX FINANCIAL | $1K | 21.85% |
TOPS Balanced 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 |
|---|---|---|---|
| C000097924 | Class 1 | 0.29% | — |
| C000097925 | Class 2 | 0.54% | — |
| C000211501 | Service Class | 0.58% | — |
| C000158836 | Investor Class | 0.79% | — |
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.