C000230850 Fees and Costs — Sphere 500 Climate Fund
Data updated: 2024-05-30
The net expense ratio is 0.07%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0320% of average net assets, and portfolio turnover was 16%.
C000230850 Fees and Expenses
Annual operating expenses and sales charges of C000230850. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.07% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.07% |
| Fee waiver | — |
| Net expense ratio | 0.07% |
| 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 |
C000230850 Costs Over Time
On $10,000 invested in C000230850, assuming 5% a year before costs, total costs come to $65 over 5 years, cutting the return by 0.11% 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 0.07%) | $7 | $23 | $41 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $11 | $35 | $65 |
| Value after costs | $10,489 | $11,541 | $12,698 |
| Impact on return, per year | 0.11% | 0.11% | 0.11% |
C000230850 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0320%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $9.3M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
C000230850 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Axos Clearing LLC | $1K | 100.00% |
C000230850 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Axos Clearing LLC | $136K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.