C000168075 Fees and Costs — AdvisorShares Cornerstone Small Cap ETF
Data updated: 2020-05-27
The net expense ratio is 0.90%: a 0.65% management fee plus 2.74% other expenses, less a 2.49% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $14K in broker commissions, 0.2864% of average net assets, and portfolio turnover was 96%.
C000168075 Fees and Expenses
Annual operating expenses and sales charges of C000168075. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.74% |
| Gross expense ratio | 3.39% |
| Fee waiver | −2.49% |
| Net expense ratio | 0.90% |
| 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 |
C000168075 Costs Over Time
On $10,000 invested in C000168075, assuming 5% a year before costs, total costs come to $739 over 5 years, cutting the return by 1.25% 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 0.90%) | $94 | $294 | $509 |
| Trading costs (broker commissions) | $30 | $94 | $162 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $407 | $739 |
| Value after costs | $10,375 | $11,169 | $12,023 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
C000168075 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.2864%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $5.0M
- Portfolio turnover (prospectus): 96%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $3K (0.065% of average net assets)
C000168075 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $13K | 90.91% |
| CREDIT SUISSE SECURITIES (USA) LLC | $1K | 8.95% |
| CITIGROUP GLOBAL MARKETS INC. | $20 | 0.14% |
C000168075 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $5.0M | 100.00% |
| COWEN EXECUTION SERVICES LLC | $249 | 0.00% |
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.