AMZP Fees and Costs — Kurv Yield Premium Strategy Amazon (AMZN) ETF
Data updated: 2024-10-23
The net expense ratio is 0.99% (1.15% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $2K in broker commissions, 0.2558% of average net assets, and portfolio turnover was 0%.
AMZP Fees and Expenses
Annual operating expenses and sales charges of AMZP. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.15% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.99% |
| 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 |
AMZP Costs Over Time
On $10,000 invested in AMZP, assuming 5% a year before costs, total costs come to $775 over 5 years, cutting the return by 1.31% 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 0.99%) | $104 | $324 | $560 |
| Trading costs (broker commissions) | $27 | $84 | $145 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $131 | $427 | $775 |
| Value after costs | $10,369 | $11,149 | $11,987 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
AMZP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.2558%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $4.5M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
AMZP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WOLVERINE EXECUTION SERVICES LLC | $1K | 70.58% |
| NORTHERN TRUST SECURITIES INC. | $574 | 29.42% |
AMZP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NORTHERN TRUST SECURITIES INC. | $4.5M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.