CLSA Fees and Costs — Cabana Target Leading Sector Aggressive ETF
Data updated: 2023-12-20
The net expense ratio is 0.79% (0.90% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $6K in broker commissions, 0.0043% of average net assets, and portfolio turnover was 1495%.
CLSA Fees and Expenses
Annual operating expenses and sales charges of CLSA. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.90% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.79% |
| 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 |
CLSA Costs Over Time
On $10,000 invested in CLSA, assuming 5% a year before costs, total costs come to $499 over 5 years, cutting the return by 0.83% 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 0.79%) | $83 | $259 | $451 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $83 | $274 | $499 |
| Value after costs | $10,417 | $11,303 | $12,264 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
CLSA 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): 0.0043%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $6.4B
- Portfolio turnover (prospectus): 1495%
- Securities on loan, average value: $314K
- Net income from securities lending: $93 (0.000% of average net assets)
CLSA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $3K | 43.81% |
| CITADEL SECURITIES LLC | $2K | 24.27% |
| Jane Street Execution Services, LLC | $1K | 22.25% |
| MISCHLER FINANCIAL GROUP, INC. | $612 | 9.66% |
CLSA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $2.0B | 30.92% |
| VIRTU AMERICAS LLC | $1.5B | 23.44% |
| Jane Street Execution Services, LLC | $1.2B | 18.26% |
| BOFA SECURITIES, INC. | $1.0B | 15.71% |
| CITADEL SECURITIES LLC | $427.2M | 6.67% |
| GOLDMAN SACHS & CO. LLC | $308.5M | 4.82% |
| J.P. Morgan Securities LLC | $12.2M | 0.19% |
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.