CGV Fees and Costs — Conductor Global Equity Value ETF
Data updated: 2026-09-28
The net expense ratio is 1.25%: a 1.25% management fee plus 0.33% other expenses, less a 0.33% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $56K in broker commissions, 0.0504% of average net assets, and portfolio turnover was 92%.
CGV Fees and Expenses
Annual operating expenses and sales charges of CGV. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.58% |
| Fee waiver | −0.33% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CGV Costs Over Time
On $10,000 invested in CGV, assuming 5% a year before costs, total costs come to $809 over 5 years, cutting the return by 1.37% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $137 | $446 | $809 |
| Value after costs | $10,363 | $11,130 | $11,954 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
CGV 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): 0.0504%
- Total broker commissions: $56K
- Bought from dealers (principal trades, not a cost): $5.4M
- Portfolio turnover (prospectus): 92%
- Securities on loan, average value: $958K
- Net income from securities lending: $11K (0.010% of average net assets)
CGV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet | $19K | 34.14% |
| BNP Paribas | $12K | 20.69% |
| Cowen Group | $9K | 15.36% |
| WallachBeth | $8K | 13.97% |
| XP Investimentos | $3K | 4.91% |
| EFG International | $2K | 3.87% |
| Korea Investments & Securities | $2K | 3.47% |
| UBS AG | $888 | 1.58% |
| Canaccord Genuity Wealth | $842 | 1.50% |
| TD Securities | $287 | 0.51% |
CGV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase | $5.3M | 98.09% |
| Korea Investments & Securities | $103K | 1.91% |
| BNP Paribas | $97 | 0.00% |
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.