DEFR Fees and Costs — Aptus Deferred Income ETF
Data updated: 2026-09-29
The net expense ratio is 0.79%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $108K in broker commissions, 0.1285% of average net assets, and portfolio turnover was 0%.
DEFR Fees and Expenses
Annual operating expenses and sales charges of DEFR. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| 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 |
DEFR Costs Over Time
On $10,000 invested in DEFR, assuming 5% a year before costs, total costs come to $575 over 5 years, cutting the return by 0.96% 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 0.79%) | $83 | $259 | $450 |
| Trading costs (broker commissions) | $13 | $42 | $73 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $316 | $575 |
| Value after costs | $10,404 | $11,260 | $12,187 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
DEFR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1285%
- Total broker commissions: $108K
- Bought from dealers (principal trades, not a cost): $34.0M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
DEFR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $108K | 100.00% |
DEFR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $34.0M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.