LEND Fees and Costs — Amplify CrowdBureau Online Lending and Digital Banking ETF
Data updated: 2021-06-29
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $1K in broker commissions, 0.1610% of average net assets, and portfolio turnover was 55%.
LEND Fees and Expenses
Annual operating expenses and sales charges of LEND. Prospectus, as of February 28, 2021.
| 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 | — |
| 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 |
LEND Costs Over Time
On $10,000 invested in LEND, assuming 5% a year before costs, total costs come to $509 over 5 years, cutting the return by 0.85% 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 | $213 | $371 |
| Trading costs (broker commissions) | $17 | $53 | $92 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $279 | $509 |
| Value after costs | $10,415 | $11,297 | $12,254 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
LEND Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1610%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $153K
- Net income from securities lending: $2K (0.250% of average net assets)
LEND Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $836 | 74.05% |
| JANE STREET EXECUTION SERVICES, LLC | $202 | 17.89% |
| Penserra Securities, LLC | $82 | 7.26% |
| CREDIT SUISSE SECURITIES (USA) LLC | $9 | 0.80% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.