C000218403 Fees and Costs — LeaderShares Activist Leaders ETF
Data updated: 2025-09-26
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $142K in broker commissions, 0.1734% of average net assets, and portfolio turnover was 90%.
C000218403 Fees and Expenses
Annual operating expenses and sales charges of C000218403. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
C000218403 Costs Over Time
On $10,000 invested in C000218403, assuming 5% a year before costs, total costs come to $578 over 5 years, cutting the return by 0.97% 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 | $427 |
| Trading costs (broker commissions) | $18 | $57 | $99 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $318 | $578 |
| Value after costs | $10,403 | $11,259 | $12,184 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
C000218403 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1734%
- Total broker commissions: $142K
- Bought from dealers (principal trades, not a cost): $134.9M
- Portfolio turnover (prospectus): 90%
- Securities lending: none during the year
C000218403 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas, LLC | $142K | 99.95% |
| JPMORGAN CHASE | $64 | 0.05% |
C000218403 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas, LLC | $117.7M | 87.24% |
| Goldman Sachs | $13.0M | 9.62% |
| Bank of America Merrill Lynch | $4.2M | 3.14% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.