DRAI Fees and Costs — Draco Evolution AI ETF
Data updated: 2026-09-25
The net expense ratio is 1.32%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $101K in broker commissions, 0.5189% of average net assets, and portfolio turnover was 1741%.
DRAI Fees and Expenses
Annual operating expenses and sales charges of DRAI. Prospectus, as of September 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.32% |
| Fee waiver | — |
| Net expense ratio | 1.32% |
| 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 |
DRAI Costs Over Time
On $10,000 invested in DRAI, assuming 5% a year before costs, total costs come to $1,131 over 5 years, cutting the return by 1.93% 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 1.32%) | $139 | $429 | $737 |
| Trading costs (broker commissions) | $54 | $169 | $290 |
| Lost growth on money paid in costs | $0 | $30 | $105 |
| Total costs | $193 | $627 | $1,131 |
| Value after costs | $10,307 | $10,949 | $11,632 |
| Impact on return, per year | 1.93% | 1.93% | 1.93% |
DRAI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.5189%
- Total broker commissions: $101K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1741%
- Securities on loan, average value: $178K
- Net income from securities lending: $398 (0.002% of average net assets)
DRAI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $96K | 95.38% |
| MIRAE ASSET SECURITIES (USA) INC. | $5K | 4.62% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.