CLRG Fees and Costs — IQ Chaikin U.S. Large Cap ETF
Data updated: 2023-12-20
The net expense ratio is 0.25%: a 0.25% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $60K in broker commissions, 0.0209% of average net assets, and portfolio turnover was 51%.
CLRG Fees and Expenses
Annual operating expenses and sales charges of CLRG. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.26% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.25% |
| 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 |
CLRG Costs Over Time
On $10,000 invested in CLRG, assuming 5% a year before costs, total costs come to $172 over 5 years, cutting the return by 0.28% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $4 | $16 |
| Total costs | $28 | $94 | $172 |
| Value after costs | $10,472 | $11,482 | $12,591 |
| Impact on return, per year | 0.28% | 0.28% | 0.28% |
CLRG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0209%
- Total broker commissions: $60K
- Bought from dealers (principal trades, not a cost): $41.1M
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $8K (0.003% of average net assets)
CLRG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $49K | 82.80% |
| MORGAN STANLEY & CO. LLC | $8K | 13.14% |
| INSTINET, LLC | $2K | 2.73% |
| Stifel, Nicolaus & Company, Incorporated | $744 | 1.25% |
| CitiGroup Global Markets Inc. | $51 | 0.09% |
CLRG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $24.2M | 58.79% |
| CITADEL SECURITIES LLC | $9.6M | 23.38% |
| GOLDMAN SACHS & CO. LLC | $5.8M | 14.01% |
| BOFA SECURITIES, INC. | $1.6M | 3.82% |
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.