DHSB Fees and Costs — Day Hagan Smart Buffer ETF
Data updated: 2026-09-28
The net expense ratio is 0.82%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $9K in broker commissions, 0.0242% of average net assets, and portfolio turnover was 15%.
DHSB Fees and Expenses
Annual operating expenses and sales charges of DHSB. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.82% |
| Fee waiver | — |
| Net expense ratio | 0.82% |
| 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 |
DHSB Costs Over Time
On $10,000 invested in DHSB, assuming 5% a year before costs, total costs come to $530 over 5 years, cutting the return by 0.89% 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 0.82%) | $86 | $269 | $467 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $89 | $291 | $530 |
| Value after costs | $10,411 | $11,286 | $12,233 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
DHSB 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): 0.0242%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $6.6M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
DHSB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers LLC | $6K | 59.24% |
| Citigroup Global Markets Inc. | $4K | 37.50% |
| Mischler Financial Group, Inc. | $179 | 1.90% |
| Moors & Cabot, Inc. | $64 | 0.68% |
| RBC Capital Markets, LLC | $57 | 0.60% |
| BofA Securities, Inc. | $7 | 0.08% |
DHSB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $3.7M | 55.82% |
| Goldman Sachs & Co. LLC | $2.5M | 37.37% |
| Mischler Financial Group, Inc. | $449K | 6.82% |
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.