C000215734 Fees and Costs — Esoterica NextG Economy ETF
Data updated: 2023-01-03
The net expense ratio is 0.75%: a 0.75% management fee plus 0.80% other expenses, less a 0.80% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $5K in broker commissions, 0.0158% of average net assets, and portfolio turnover was 29%.
C000215734 Fees and Expenses
Annual operating expenses and sales charges of C000215734. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.80% |
| Gross expense ratio | 1.55% |
| Fee waiver | −0.80% |
| Net expense ratio | 0.75% |
| 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 |
C000215734 Costs Over Time
On $10,000 invested in C000215734, assuming 5% a year before costs, total costs come to $481 over 5 years, cutting the return by 0.80% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $264 | $481 |
| Value after costs | $10,420 | $11,312 | $12,282 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
C000215734 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0158%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $1.5M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
C000215734 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| YUANTA SECURITIES CO., LTD. | $3K | 64.97% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $965 | 19.91% |
| J.P. MORGAN SECURITIES LLC | $641 | 13.23% |
| Goldman Sachs & Co, LLC | $92 | 1.89% |
C000215734 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co, LLC | $1.5M | 100.00% |
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.