C000186341 Fees and Costs — DeltaShares(R) S&P 600 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 $11K in broker commissions, 0.0250% of average net assets, and portfolio turnover was 894%.
C000186341 Fees and Expenses
Annual operating expenses and sales charges of C000186341. 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 |
C000186341 Costs Over Time
On $10,000 invested in C000186341, assuming 5% a year before costs, total costs come to $300 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 | $258 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $50 | $164 | $300 |
| Value after costs | $10,450 | $11,412 | $12,463 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
C000186341 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): 0.0250%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $508.6M
- Portfolio turnover (prospectus): 894%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $7K (0.016% of average net assets)
C000186341 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $7K | 62.47% |
| SG Americas Securities, LLC | $2K | 20.31% |
| J.P. Morgan Securities LLC | $2K | 16.04% |
| BofA Securities, Inc. | $130 | 1.17% |
C000186341 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $231.9M | 45.60% |
| Goldman Sachs & Co. LLC | $89.7M | 17.64% |
| J.P. Morgan Securities LLC | $71.2M | 14.00% |
| State Street Bank and Trust Company | $68.2M | 13.42% |
| U.S. Bancorp Investments, Inc. | $42.1M | 8.28% |
| National Securities Clearing Corporation | $5.4M | 1.06% |
| SG Americas Securities, LLC | $1K | 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.