C000226008 Fees and Costs — Impact Shares Affordable Housing MBS ETF
Data updated: 2024-02-28
The net expense ratio is 0.30%: a 0.30% management fee plus 0.21% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 26%.
C000226008 Fees and Expenses
Annual operating expenses and sales charges of C000226008. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.51% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.30% |
| 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 | No |
C000226008 Costs Over Time
On $10,000 invested in C000226008, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
C000226008 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $85.3M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
C000226008 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS | $29.0M | 35.62% |
| JPM CHASE | $15.6M | 19.20% |
| BANK OF AMERICA | $14.5M | 17.76% |
| WELLS FARGO BROKERAGE SERVICES, LLC | $7.4M | 9.06% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $5.3M | 6.46% |
| WACHOVIA SECURITIES, INC. | $2.9M | 3.53% |
| CASTLEOAK SECURITIES, L.P | $2.6M | 3.24% |
| CREDIT SUISSE - FIRST BOSTON CA | $1.9M | 2.29% |
| PNC CAPITAL MARKETS | $1.2M | 1.46% |
| MIZUHO SECURITIES USA INC | $1.1M | 1.36% |
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.