CSH Fees and Costs — Morgan Creek - Exos Active SPAC Arbitrage ETF
Data updated: 2023-05-26
The net expense ratio is 1.25%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $24K in broker commissions, 0.2563% of average net assets.
CSH Fees and Expenses
Annual operating expenses and sales charges of CSH. Prospectus, as of January 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.25% |
| Fee waiver | — |
| Net expense ratio | 1.25% |
| 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 |
CSH Costs Over Time
On $10,000 invested in CSH, assuming 5% a year before costs, total costs come to $933 over 5 years, cutting the return by 1.58% 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 1.25%) | $131 | $407 | $703 |
| Trading costs (broker commissions) | $27 | $84 | $144 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $158 | $515 | $933 |
| Value after costs | $10,342 | $11,061 | $11,830 |
| Impact on return, per year | 1.58% | 1.58% | 1.58% |
CSH Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.2563%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $439K
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
CSH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH, INC. | $23K | 97.49% |
| MIRAE ASSET SECURITIES (USA), INC. | $589 | 2.47% |
| TELSEY ADVISORY GROUP, LLC | $9 | 0.04% |
CSH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH, INC. | $439K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.