C000262947 Fees and Costs — Vistashares Target 15 Drukmacro Distribution ETF
Data updated: 2026-10-13
The net expense ratio is 0.95%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $25K in broker commissions, 0.1828% of average net assets.
C000262947 Fees and Expenses
Annual operating expenses and sales charges of C000262947. Prospectus, as of August 18, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
C000262947 Costs Over Time
On $10,000 invested in C000262947, assuming 5% a year before costs, total costs come to $707 over 5 years, cutting the return by 1.19% 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 0.95%) | $100 | $311 | $538 |
| Trading costs (broker commissions) | $19 | $60 | $104 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $389 | $707 |
| Value after costs | $10,381 | $11,187 | $12,056 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
C000262947 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1828%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $1.8M
- Portfolio turnover (prospectus): —
C000262947 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $9K | 35.42% |
| PERSHING LLC | $6K | 23.11% |
| JANE STREET EXECUTION SERVICES LLC | $4K | 15.06% |
| SIGMA BANK AG | $3K | 13.26% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $2K | 9.98% |
| CITADEL SECURITIES LLC | $680 | 2.77% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $72 | 0.29% |
| GOLDMAN SACHS & CO. LLC | $26 | 0.11% |
C000262947 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $1.8M | 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.