C000236565 Fees and Costs — AXS De-SPAC ETF
Data updated: 2023-02-21
The net expense ratio is 0.75%: a 0.75% management fee plus 1.37% other expenses, less a 1.37% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $12K in broker commissions, 0.8133% of average net assets, and portfolio turnover was 44%.
C000236565 Fees and Expenses
Annual operating expenses and sales charges of C000236565. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.37% |
| Gross expense ratio | 2.12% |
| Fee waiver | −1.37% |
| Net expense ratio | 0.75% |
| 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 | Yes |
C000236565 Costs Over Time
On $10,000 invested in C000236565, assuming 5% a year before costs, total costs come to $967 over 5 years, cutting the return by 1.64% 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 0.75%) | $79 | $244 | $421 |
| Trading costs (broker commissions) | $85 | $265 | $457 |
| Lost growth on money paid in costs | $0 | $25 | $89 |
| Total costs | $164 | $534 | $967 |
| Value after costs | $10,336 | $11,042 | $11,796 |
| Impact on return, per year | 1.64% | 1.64% | 1.64% |
C000236565 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.8133%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $7.6M
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
C000236565 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC. | $11K | 84.43% |
| Goldman Sachs and Co. LLC | $2K | 12.03% |
| Wallachbeth Capital, LLC | $441 | 3.54% |
C000236565 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch Professional Clearing Corp. | $4.2M | 54.95% |
| Goldman Sachs & Co. | $3.4M | 45.05% |
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.