CROP Fees and Costs — IQ Global Agribusiness Small Cap ETF
Data updated: 2020-09-28
The net expense ratio is 0.76%: a 0.75% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $2K in broker commissions, 0.0197% of average net assets, and portfolio turnover was 32%.
CROP Fees and Expenses
Annual operating expenses and sales charges of CROP. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.76% |
| Fee waiver | — |
| Net expense ratio | 0.76% |
| 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 |
CROP Costs Over Time
On $10,000 invested in CROP, assuming 5% a year before costs, total costs come to $490 over 5 years, cutting the return by 0.82% 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 0.76%) | $80 | $250 | $434 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $269 | $490 |
| Value after costs | $10,418 | $11,308 | $12,273 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
CROP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0197%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $14K (0.174% of average net assets)
CROP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $1K | 64.29% |
| J.P. Morgan Securities LLC | $447 | 27.84% |
| CitiGroup Global Markets Inc. | $126 | 7.86% |
CROP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $1.7M | 97.84% |
| Ruralco Holdings Ltd | $37K | 2.16% |
| INSTINET, LLC | $1 | 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.