C000186340 Fees and Costs — DeltaShares(R) S&P 400 Managed Risk ETF
Data updated: 2022-05-27
The net expense ratio is 0.45%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $21K in broker commissions, 0.0216% of average net assets, and portfolio turnover was 821%.
C000186340 Fees and Expenses
Annual operating expenses and sales charges of C000186340. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| 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 |
C000186340 Costs Over Time
On $10,000 invested in C000186340, assuming 5% a year before costs, total costs come to $298 over 5 years, cutting the return by 0.50% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $50 | $163 | $298 |
| Value after costs | $10,450 | $11,413 | $12,465 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
C000186340 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): 0.0216%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $852.6M
- Portfolio turnover (prospectus): 821%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $6K (0.006% of average net assets)
C000186340 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $9K | 41.16% |
| SG Americas Securities, LLC | $7K | 31.18% |
| BofA Securities, Inc. | $4K | 18.38% |
| J.P. Morgan Securities LLC | $2K | 9.28% |
C000186340 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $260.1M | 30.50% |
| State Street Bank and Trust Company | $218.4M | 25.62% |
| BofA Securities, Inc. | $215.3M | 25.25% |
| J.P. Morgan Securities LLC | $130.2M | 15.27% |
| U.S. Bancorp Investments, Inc. | $23.7M | 2.78% |
| National Securities Clearing Corporation | $5.0M | 0.58% |
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.