C000162447 Fees and Costs — Reality Shares Divcon Dividend Defender ETF
Data updated: 2021-01-12
The net expense ratio is 1.44%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $5K in broker commissions, 0.0172% of average net assets, and portfolio turnover was 57%.
C000162447 Fees and Expenses
Annual operating expenses and sales charges of C000162447. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 1.44% |
| Fee waiver | — |
| Net expense ratio | 1.44% |
| 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 |
C000162447 Costs Over Time
On $10,000 invested in C000162447, assuming 5% a year before costs, total costs come to $903 over 5 years, cutting the return by 1.53% 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 1.44%) | $151 | $470 | $810 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $24 | $83 |
| Total costs | $153 | $499 | $903 |
| Value after costs | $10,347 | $11,078 | $11,860 |
| Impact on return, per year | 1.53% | 1.53% | 1.53% |
C000162447 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): 0.0172%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $43.5M
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
C000162447 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP PARIBAS SECURITIES CORP. | $3K | 60.39% |
| MISCHLER FINANCIAL GROUP, INC. | $2K | 35.71% |
| BNY MELLON CAPITAL MARKETS, LLC | $181 | 3.89% |
C000162447 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $15.0M | 34.40% |
| BOFA SECURITIES, INC. | $12.8M | 29.49% |
| BNY MELLON CAPITAL MARKETS, LLC | $12.5M | 28.60% |
| CANTOR FITZGERALD & CO. | $3.3M | 7.51% |
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.