C000227746 Fees and Costs — SoFi Smart Energy ETF
Data updated: 2024-01-29
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0582% of average net assets, and portfolio turnover was 26%.
C000227746 Fees and Expenses
Annual operating expenses and sales charges of C000227746. Prospectus, as of June 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
C000227746 Costs Over Time
On $10,000 invested in C000227746, assuming 5% a year before costs, total costs come to $408 over 5 years, cutting the return by 0.68% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $408 |
| Value after costs | $10,432 | $11,353 | $12,355 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
C000227746 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0582%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $69K
- Net income from securities lending: $6K (0.256% of average net assets)
C000227746 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $783 | 53.17% |
| MISCHLER FINANCIAL GROUP INC. | $595 | 40.42% |
| BTIG LLC | $82 | 5.60% |
| GOLDMAN SACHS & CO. LLC | $12 | 0.80% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.