C000221237 Fees and Costs — CornerCap Fundametrics Large-Cap ETF
Data updated: 2024-02-29
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $115K in broker commissions, 0.0845% of average net assets, and portfolio turnover was 60%.
C000221237 Fees and Expenses
Annual operating expenses and sales charges of C000221237. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
C000221237 Costs Over Time
On $10,000 invested in C000221237, assuming 5% a year before costs, total costs come to $369 over 5 years, cutting the return by 0.61% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $9 | $34 |
| Total costs | $61 | $202 | $369 |
| Value after costs | $10,439 | $11,374 | $12,394 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
C000221237 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): 0.0845%
- Total broker commissions: $115K
- Bought from dealers (principal trades, not a cost): $80.9M
- Portfolio turnover (prospectus): 60%
- Securities on loan, average value: $3.9M
- Net income from securities lending: $7K (0.005% of average net assets)
C000221237 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $115K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.