DRSK Fees and Costs — Aptus Defined Risk 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 $9.8M in broker commissions, 0.7120% of average net assets, and portfolio turnover was 19%.
DRSK Fees and Expenses
Annual operating expenses and sales charges of DRSK. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 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 |
DRSK Costs Over Time
On $10,000 invested in DRSK, 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 0.79%) | $83 | $257 | $444 |
| Trading costs (broker commissions) | $75 | $232 | $400 |
| 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% |
DRSK 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): 0.7120%
- Total broker commissions: $9.8M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
DRSK Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $5.1M | 51.57% |
| SEAPORT GLOBAL SECURITIES LLC | $2.8M | 28.12% |
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $1.7M | 17.48% |
| GOLDMAN SACHS & CO. LLC | $226K | 2.31% |
| SG AMERICAS SECURITIES, LLC | $47K | 0.48% |
| RBC CAPITAL MARKETS, LLC | $4K | 0.04% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.