DEEP Fees and Costs — Acquirers Small and Micro Deep Value ETF
Data updated: 2026-07-28
The net expense ratio is 0.80%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $62K in broker commissions, 0.2232% of average net assets, and portfolio turnover was 140%.
DEEP Fees and Expenses
Annual operating expenses and sales charges of DEEP. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| 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 |
DEEP Costs Over Time
On $10,000 invested in DEEP, assuming 5% a year before costs, total costs come to $640 over 5 years, cutting the return by 1.07% 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 0.80%) | $84 | $262 | $454 |
| Trading costs (broker commissions) | $23 | $73 | $127 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $107 | $352 | $640 |
| Value after costs | $10,393 | $11,225 | $12,123 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
DEEP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2232%
- Total broker commissions: $62K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 140%
- Securities lending: none during the year
DEEP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $62K | 99.87% |
| GOLDMAN SACHS & CO. LLC | $81 | 0.13% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.