DAM Fees and Costs — VanEck Digital Assets Mining ETF
Data updated: 2023-05-30
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $451 in broker commissions, 0.0251% of average net assets, and portfolio turnover was 39%.
DAM Fees and Expenses
Annual operating expenses and sales charges of DAM. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
DAM Costs Over Time
On $10,000 invested in DAM, assuming 5% a year before costs, total costs come to $332 over 5 years, cutting the return by 0.55% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $181 | $332 |
| Value after costs | $10,445 | $11,395 | $12,431 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
DAM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0251%
- Total broker commissions: $451
- Bought from dealers (principal trades, not a cost): $3.5M
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
DAM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $154 | 34.09% |
| Citigroup Global Markets Inc. | $149 | 33.00% |
| BofA Securities, Inc. | $108 | 23.91% |
| J.P. Morgan Securities LLC | $21 | 4.64% |
| Morgan Stanley & Co. LLC | $20 | 4.36% |
DAM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $2.8M | 80.87% |
| J.P. Morgan Securities LLC | $662K | 19.13% |
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.