C000162446 Fees and Costs — Reality Shares Divcon Leaders Dividend ETF
Data updated: 2021-01-12
The net expense ratio is 0.43%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $9K in broker commissions, 0.0285% of average net assets, and portfolio turnover was 66%.
C000162446 Fees and Expenses
Annual operating expenses and sales charges of C000162446. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.43% |
| Fee waiver | — |
| Net expense ratio | 0.43% |
| 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 |
C000162446 Costs Over Time
On $10,000 invested in C000162446, assuming 5% a year before costs, total costs come to $290 over 5 years, cutting the return by 0.48% 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 0.43%) | $45 | $142 | $247 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $159 | $290 |
| Value after costs | $10,452 | $11,418 | $12,473 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
C000162446 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0285%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $23.4M
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
C000162446 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $9K | 100.00% |
C000162446 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD & CO. | $19.2M | 82.07% |
| GOLDMAN SACHS & CO. LLC | $2.2M | 9.39% |
| BOFA SECURITIES, INC. | $1.9M | 8.03% |
| BNY MELLON CAPITAL MARKETS, LLC | $121K | 0.51% |
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.