C000190377 Fees and Costs — Developed International Equity Select ETF
Data updated: 2023-06-08
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $14K in broker commissions, 0.0730% of average net assets, and portfolio turnover was 69%.
C000190377 Fees and Expenses
Annual operating expenses and sales charges of C000190377. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
C000190377 Costs Over Time
On $10,000 invested in C000190377, assuming 5% a year before costs, total costs come to $455 over 5 years, cutting the return by 0.76% 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 0.65%) | $68 | $214 | $371 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $249 | $455 |
| Value after costs | $10,424 | $11,327 | $12,308 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
C000190377 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0730%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $11.5M
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $53K
- Net income from securities lending: $580 (0.003% of average net assets)
C000190377 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $13K | 93.96% |
| JPMORGAN SECURITIES LLC | $319 | 2.35% |
| Goldman Sachs & Co. LLC | $246 | 1.81% |
| Credit Suisse Securities (USA) LLC | $150 | 1.11% |
| UBS SECURITIES | $105 | 0.78% |
C000190377 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES | $4.7M | 40.56% |
| Credit Suisse Securities (USA) LLC | $4.3M | 37.81% |
| JPMORGAN SECURITIES LLC | $2.5M | 21.64% |
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.