C000258829 Fees and Costs — Opportunistic Trader ETF
Data updated: 2026-08-25
The net expense ratio is 1.00%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.7M in broker commissions, 9.3461% of average net assets, and portfolio turnover was 27916%.
C000258829 Fees and Expenses
Annual operating expenses and sales charges of C000258829. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| 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 |
C000258829 Costs Over Time
On $10,000 invested in C000258829, assuming 5% a year before costs, total costs come to $5,370 over 5 years, cutting the return by 10.86% 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 1.00%) | $105 | $297 | $467 |
| Trading costs (broker commissions) | $981 | $2,775 | $4,364 |
| Lost growth on money paid in costs | $0 | $162 | $539 |
| Total costs | $1,086 | $3,234 | $5,370 |
| Value after costs | $9,414 | $8,342 | $7,393 |
| Impact on return, per year | 10.86% | 10.86% | 10.86% |
C000258829 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 9.3461%
- Total broker commissions: $1.7M
- Bought from dealers (principal trades, not a cost): $16.2M
- Portfolio turnover (prospectus): 27916%
- Securities lending: none during the year
C000258829 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wolverine Execution Services, LLC | $1.1M | 66.81% |
| BTIG, LLC. | $556K | 32.70% |
| StoneX Financial Inc. | $8K | 0.49% |
| A/C Trading | $0 | 0.00% |
C000258829 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| StoneX Financial Inc. | $11.8M | 72.58% |
| Goldman Sachs & Co. LLC | $2.5M | 15.71% |
| J.P. Morgan Securities LLC | $803K | 4.95% |
| Wolverine Execution Services, LLC | $760K | 4.69% |
| Virtu Americas LLC | $174K | 1.07% |
| BofA Securities, Inc. | $161K | 1.00% |
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.