CAFX Fees and Costs — Congress Intermediate Bond ETF
Data updated: 2026-09-29
The net expense ratio is 0.35%. There are no sales loads or redemption fees. Portfolio turnover was 50%.
CAFX Fees and Expenses
Annual operating expenses and sales charges of CAFX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
CAFX Costs Over Time
On $10,000 invested in CAFX, assuming 5% a year before costs, total costs come to $222 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $121 | $222 |
| Value after costs | $10,463 | $11,455 | $12,541 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
CAFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $270.1M
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
CAFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $52.2M | 20.07% |
| J.P. MORGAN SECURITIES LLC | $43.9M | 16.89% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $40.2M | 15.46% |
| GOLDMAN SACHS & CO. LLC | $37.3M | 14.36% |
| MORGAN STANLEY & CO. LLC | $24.3M | 9.34% |
| COWEN AND COMPANY, LLC | $20.7M | 7.97% |
| BARCLAYS CAPITAL INC. | $14.9M | 5.74% |
| RBC CAPITAL MARKETS, LLC | $12.5M | 4.80% |
| JANE STREET EXECUTION SERVICES, LLC | $8.7M | 3.33% |
| CITADEL SECURITIES LLC | $5.3M | 2.05% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.