DDX Fees and Costs — Discipline Fund ETF
Data updated: 2026-10-13
The net expense ratio is 0.25% (0.29% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $8K in broker commissions, 0.0127% of average net assets, and portfolio turnover was 2%.
DDX Fees and Expenses
Annual operating expenses and sales charges of DDX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
DDX Costs Over Time
On $10,000 invested in DDX, assuming 5% a year before costs, total costs come to $167 over 5 years, cutting the return by 0.28% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $28 | $91 | $167 |
| Value after costs | $10,472 | $11,485 | $12,596 |
| Impact on return, per year | 0.28% | 0.28% | 0.28% |
DDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0127%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $44.3M
- Portfolio turnover (prospectus): 2%
DDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $8K | 100.00% |
DDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $44.3M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.