C000215718 Fees and Costs — Anfield U.S. Equity Sector Rotation ETF
Data updated: 2026-06-29
The net expense ratio is 1.16%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $24K in broker commissions, 0.0169% of average net assets, and portfolio turnover was 106%.
C000215718 Fees and Expenses
Annual operating expenses and sales charges of C000215718. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 1.16% |
| Fee waiver | — |
| Net expense ratio | 1.16% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000215718 Costs Over Time
On $10,000 invested in C000215718, assuming 5% a year before costs, total costs come to $734 over 5 years, cutting the return by 1.24% 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 1.16%) | $122 | $379 | $657 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $124 | $404 | $734 |
| Value after costs | $10,376 | $11,172 | $12,029 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
C000215718 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0169%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $26.9M
- Portfolio turnover (prospectus): 106%
- Securities lending: none during the year
C000215718 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL | $24K | 100.00% |
C000215718 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL | $15.1M | 56.38% |
| BANK OF AMERICA MERRILL LYNCH | $10.0M | 37.13% |
| GOLDMAN SACHS | $1.7M | 6.49% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.