C000186339 Fees and Costs — DeltaShares(R) S&P 500 Managed Risk ETF
Data updated: 2022-05-27
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $21K in broker commissions, 0.0051% of average net assets, and portfolio turnover was 689%.
C000186339 Fees and Expenses
Annual operating expenses and sales charges of C000186339. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
C000186339 Costs Over Time
On $10,000 invested in C000186339, assuming 5% a year before costs, total costs come to $225 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $37 | $123 | $225 |
| Value after costs | $10,463 | $11,453 | $12,538 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
C000186339 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0051%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $780.2M
- Portfolio turnover (prospectus): 689%
- Securities on loan, average value: $431K
- Net income from securities lending: $2K (0.000% of average net assets)
C000186339 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $10K | 46.40% |
| BofA Securities, Inc. | $5K | 22.02% |
| Goldman Sachs & Co. LLC | $4K | 20.62% |
| J.P. Morgan Securities LLC | $2K | 10.96% |
C000186339 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $233.4M | 29.92% |
| J.P. Morgan Securities LLC | $153.1M | 19.63% |
| National Securities Clearing Corporation | $139.2M | 17.84% |
| SG Americas Securities, LLC | $99.0M | 12.69% |
| Goldman Sachs & Co. LLC | $80.3M | 10.30% |
| U.S. Bancorp Investments, Inc. | $52.9M | 6.78% |
| BofA Securities, Inc. | $22.2M | 2.84% |
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.