DOGS Fees and Costs — Arrow Dogs of the World ETF
Data updated: 2020-06-26
The net expense ratio is 1.34%: a 0.60% management fee plus 3.11% other expenses, less a 2.37% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $8K in broker commissions, 0.1621% of average net assets, and portfolio turnover was 100%.
DOGS Fees and Expenses
Annual operating expenses and sales charges of DOGS. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.11% |
| Gross expense ratio | 3.71% |
| Fee waiver | −2.37% |
| Net expense ratio | 1.34% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DOGS Costs Over Time
On $10,000 invested in DOGS, assuming 5% a year before costs, total costs come to $930 over 5 years, cutting the return by 1.58% 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 1.34%) | $141 | $437 | $753 |
| Trading costs (broker commissions) | $17 | $53 | $91 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $158 | $514 | $930 |
| Value after costs | $10,342 | $11,062 | $11,833 |
| Impact on return, per year | 1.58% | 1.58% | 1.58% |
DOGS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1621%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 100%
- Securities lending: none during the year
DOGS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONES TRADING | $3K | 41.85% |
| BARCLAYS | $3K | 35.32% |
| JPMORGAN CHASE | $1K | 13.59% |
| CANTOR FITZGERALD | $607 | 7.29% |
| BLOOMBERG | $147 | 1.77% |
| BARRINGTON RESEARCH | $15 | 0.18% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.