C000190048 Fees and Costs — AdvisorShares New Tech and Media ETF
Data updated: 2019-11-21
The net expense ratio is 0.86%: a 0.60% management fee plus 0.40% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $233K in broker commissions, 0.8426% of average net assets, and portfolio turnover was 799%.
C000190048 Fees and Expenses
Annual operating expenses and sales charges of C000190048. Prospectus, as of June 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.86% |
| 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 |
C000190048 Costs Over Time
On $10,000 invested in C000190048, assuming 5% a year before costs, total costs come to $1,050 over 5 years, cutting the return by 1.79% 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 0.86%) | $90 | $280 | $481 |
| Trading costs (broker commissions) | $88 | $274 | $472 |
| Lost growth on money paid in costs | $0 | $28 | $97 |
| Total costs | $179 | $581 | $1,050 |
| Value after costs | $10,321 | $10,995 | $11,713 |
| Impact on return, per year | 1.79% | 1.79% | 1.79% |
C000190048 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): 0.8426%
- Total broker commissions: $233K
- Bought from dealers (principal trades, not a cost): $39.9M
- Portfolio turnover (prospectus): 799%
- Securities on loan, average value: $3.8M
- Net income from securities lending: $12K (0.043% of average net assets)
C000190048 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BROAD STREET CAPITAL MARKETS, LLC | $149K | 63.83% |
| FORDHAM FINANCIAL MANAGEMENT, INC. | $84K | 36.17% |
C000190048 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $26.3M | 65.86% |
| MORGAN STANLEY & CO. LLC | $10.2M | 25.60% |
| VIRTU AMERICAS LLC | $2.0M | 4.96% |
| CANTOR FITZGERALD & CO. | $729K | 1.83% |
| COWEN EXECUTION SERVICES LLC | $700K | 1.75% |
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.