CUBS Fees and Costs — Asian Growth Cubs ETF
Data updated: 2023-09-27
The net expense ratio is 0.99% (1.11% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $20K in broker commissions, 0.1892% of average net assets, and portfolio turnover was 38%.
CUBS Fees and Expenses
Annual operating expenses and sales charges of CUBS. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.99% |
| 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 |
CUBS Costs Over Time
On $10,000 invested in CUBS, assuming 5% a year before costs, total costs come to $735 over 5 years, cutting the return by 1.24% 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 0.99%) | $104 | $324 | $560 |
| Trading costs (broker commissions) | $20 | $62 | $107 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $405 | $735 |
| Value after costs | $10,376 | $11,172 | $12,028 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
CUBS 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): 0.1892%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $220K
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
CUBS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Financial Brokerage Group | $14K | 67.02% |
| BRAC EPL Stock Brokerage Ltd. | $4K | 22.03% |
| GOLDMAN SACHS & CO. LLC | $880 | 4.36% |
| CLSA SECURITIES MALAYSIA SDN. BHD | $507 | 2.51% |
| VIRTU AMERICAS LLC | $504 | 2.50% |
| STANDARD CHARTERED SECURITIES NORTH AMERICA LLC | $315 | 1.56% |
| MISCHLER FINANCIAL GROUP, INC. | $5 | 0.02% |
CUBS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $124K | 56.37% |
| Financial Brokerage Group | $96K | 43.63% |
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.