C000222873 Fees and Costs — Clough Select Equity ETF
Data updated: 2025-01-08
The net expense ratio is 0.86%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $111K in broker commissions, 0.8440% of average net assets, and portfolio turnover was 465%.
C000222873 Fees and Expenses
Annual operating expenses and sales charges of C000222873. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| 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 |
C000222873 Costs Over Time
On $10,000 invested in C000222873, assuming 5% a year before costs, total costs come to $1,051 over 5 years, cutting the return by 1.79% 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 0.86%) | $90 | $280 | $481 |
| Trading costs (broker commissions) | $89 | $274 | $472 |
| Lost growth on money paid in costs | $0 | $28 | $97 |
| Total costs | $179 | $582 | $1,051 |
| Value after costs | $10,321 | $10,994 | $11,712 |
| Impact on return, per year | 1.79% | 1.79% | 1.79% |
C000222873 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): 0.8440%
- Total broker commissions: $111K
- Bought from dealers (principal trades, not a cost): $6K
- Portfolio turnover (prospectus): 465%
- Securities lending: none during the year
C000222873 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| KNIGHT DIRECT LLC | $32K | 34.39% |
| JEFFERIES LLC | $15K | 16.61% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $12K | 12.56% |
| STIFEL NICOLAUS & COMPANY INCORPORATED | $7K | 7.73% |
| MORGAN STANLEY & CO. LLC | $7K | 7.07% |
| JOHNSON RICE & COMPANY L.L.C. | $6K | 6.57% |
| GOLDMAN SACHS & CO. LLC | $4K | 4.76% |
| INSTINET LLC | $3K | 3.58% |
| NATIONAL FINANCIAL SERVICES LLC | $3K | 3.46% |
| SANFORD C. BERNSTEIN & CO. LLC | $3K | 3.28% |
C000222873 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.