C000222872 Fees and Costs — Clough Hedged Equity ETF
Data updated: 2025-01-08
The net expense ratio is 2.59%: a 1.35% management fee plus 1.23% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $256K in broker commissions, 1.2868% of average net assets, and portfolio turnover was 784%.
C000222872 Fees and Expenses
Annual operating expenses and sales charges of C000222872. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.23% |
| Gross expense ratio | 2.59% |
| Fee waiver | — |
| Net expense ratio | 2.59% |
| 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 |
C000222872 Costs Over Time
On $10,000 invested in C000222872, assuming 5% a year before costs, total costs come to $2,289 over 5 years, cutting the return by 4.07% 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 2.59%) | $272 | $823 | $1,385 |
| Trading costs (broker commissions) | $135 | $409 | $688 |
| Lost growth on money paid in costs | $0 | $62 | $216 |
| Total costs | $407 | $1,295 | $2,289 |
| Value after costs | $10,093 | $10,281 | $10,473 |
| Impact on return, per year | 4.07% | 4.07% | 4.07% |
C000222872 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): 1.2868%
- Total broker commissions: $256K
- Bought from dealers (principal trades, not a cost): $6K
- Portfolio turnover (prospectus): 784%
- Securities lending: none during the year
C000222872 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| KNIGHT DIRECT LLC | $65K | 30.76% |
| JEFFERIES LLC | $48K | 22.79% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $27K | 12.69% |
| UBS SECURITIES LLC | $15K | 7.29% |
| JOHNSON RICE & COMPANY L.L.C. | $15K | 7.20% |
| MORGAN STANLEY & CO. LLC | $14K | 6.71% |
| STIFEL NICOLAUS & COMPANY INCORPORATED | $9K | 4.08% |
| SANFORD C. BERNSTEIN & CO. LLC | $6K | 2.93% |
| INSTINET LLC | $6K | 2.93% |
| ISI FINANCIAL GROUP INC | $6K | 2.62% |
C000222872 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $6K | 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.