CWC Fees and Costs — Clockwise Core Equity & Innovation ETF
Data updated: 2024-07-29
The net expense ratio is 1.00%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $36K in broker commissions, 0.0893% of average net assets, and portfolio turnover was 283%.
CWC Fees and Expenses
Annual operating expenses and sales charges of CWC. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| 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 |
CWC Costs Over Time
On $10,000 invested in CWC, assuming 5% a year before costs, total costs come to $680 over 5 years, cutting the return by 1.14% 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 1.00%) | $105 | $327 | $567 |
| Trading costs (broker commissions) | $9 | $29 | $51 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $114 | $374 | $680 |
| Value after costs | $10,386 | $11,202 | $12,083 |
| Impact on return, per year | 1.14% | 1.14% | 1.14% |
CWC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0893%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 283%
- Securities lending: none during the year
CWC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Royal Bank of Canada Capital Markets | $25K | 69.29% |
| Charles Schwab & Co Inc | $6K | 17.76% |
| Monness Crespi Hardt & Co | $5K | 12.95% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.