C000233888 Fees and Costs — iMGP RBA Responsible Global Allocation ETF
Data updated: 2024-05-29
The net expense ratio is 0.69% (0.80% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $2K in broker commissions, 0.0204% of average net assets, and portfolio turnover was 58%.
C000233888 Fees and Expenses
Annual operating expenses and sales charges of C000233888. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.69% |
| 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 |
C000233888 Costs Over Time
On $10,000 invested in C000233888, assuming 5% a year before costs, total costs come to $447 over 5 years, cutting the return by 0.75% 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $245 | $447 |
| Value after costs | $10,425 | $11,331 | $12,316 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
C000233888 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0204%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $2.1M
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
C000233888 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $1K | 84.83% |
| Barclays Capital Inc. | $143 | 8.54% |
| Virtu Americas LLC | $111 | 6.62% |
C000233888 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $2.1M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.