C000258187 Fees and Costs — Polen Floating Rate Income ETF
Data updated: 2026-09-22
The net expense ratio is 0.49% (0.59% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 102%.
C000258187 Fees and Expenses
Annual operating expenses and sales charges of C000258187. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.49% |
| 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 | No |
C000258187 Costs Over Time
On $10,000 invested in C000258187, assuming 5% a year before costs, total costs come to $310 over 5 years, cutting the return by 0.51% 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 0.49%) | $51 | $161 | $281 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $169 | $310 |
| Value after costs | $10,449 | $11,407 | $12,453 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
C000258187 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $28.1M
- Portfolio turnover (prospectus): 102%
- Securities lending: none during the year
C000258187 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JP MORGAN SECURITIES LLC | $4.8M | 20.32% |
| GOLDMAN SACHS & CO. LLC | $3.5M | 14.63% |
| BARCLAYS CAPITAL, INC. | $3.0M | 12.73% |
| MORGAN STANLEY & CO. LLC | $2.5M | 10.56% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $2.2M | 9.45% |
| JEFFERIES LLC | $1.9M | 8.00% |
| DEUTSCHE BANK SECURITIES, INC. | $1.7M | 7.37% |
| UBS SECURITIES LLC | $1.7M | 7.07% |
| RBC CAPITAL MARKETS, LLC | $1.2M | 5.17% |
| CitiGroup Global Markets Inc. | $1.1M | 4.69% |
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.