CRYP Fees and Costs — AdvisorShares Managed Bitcoin Strategy ETF
Data updated: 2023-05-22
The net expense ratio is 1.59% (59.25% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $1K in broker commissions, 0.1389% of average net assets, and portfolio turnover was 42%.
CRYP Fees and Expenses
Annual operating expenses and sales charges of CRYP. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 58.25% |
| Gross expense ratio | 59.25% |
| Fee waiver | −57.66% |
| Net expense ratio | 1.59% |
| 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 | Yes |
CRYP Costs Over Time
On $10,000 invested in CRYP, assuming 5% a year before costs, total costs come to $1,066 over 5 years, cutting the return by 1.82% 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 1.59%) | $167 | $517 | $890 |
| Trading costs (broker commissions) | $15 | $45 | $78 |
| Lost growth on money paid in costs | $0 | $28 | $98 |
| Total costs | $182 | $590 | $1,066 |
| Value after costs | $10,318 | $10,986 | $11,697 |
| Impact on return, per year | 1.82% | 1.82% | 1.82% |
CRYP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1389%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $29.3M
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $342K
- Net income from securities lending: $2K (0.255% of average net assets)
CRYP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $1K | 100.00% |
CRYP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $14.8M | 50.54% |
| VIRTU AMERICAS LLC | $14.5M | 49.46% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.