CLNR Fees and Costs — IQ Cleaner Transport ETF
Data updated: 2025-03-28
The net expense ratio is 0.45%: a 0.45% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $5K in broker commissions, 0.0806% of average net assets, and portfolio turnover was 68%.
CLNR Fees and Expenses
Annual operating expenses and sales charges of CLNR. Prospectus, as of August 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.46% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.45% |
| 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 |
CLNR Costs Over Time
On $10,000 invested in CLNR, assuming 5% a year before costs, total costs come to $335 over 5 years, cutting the return by 0.56% 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 0.45%) | $47 | $148 | $258 |
| Trading costs (broker commissions) | $8 | $27 | $46 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $183 | $335 |
| Value after costs | $10,444 | $11,393 | $12,428 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
CLNR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0806%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $3.5M
- Portfolio turnover (prospectus): 68%
- Securities on loan, average value: $50K
- Net income from securities lending: $929 (0.016% of average net assets)
CLNR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $3K | 70.86% |
| MISCHLER FINANCIAL GROUP, INC. | $1K | 24.10% |
| CitiGroup Global Markets Inc. | $228 | 4.79% |
| XP Investimentos Corretora De Cambio, Titulos E Valores Mobiliarios S/A | $11 | 0.23% |
| XP INVESTMENTS US, LLC | $1 | 0.02% |
CLNR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.5M | 43.16% |
| VIRTU AMERICAS LLC | $1.5M | 42.80% |
| Jane Street Execution Services, LLC | $496K | 14.04% |
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.