DTAN Fees and Costs — Sparkline International Intangible Value ETF
Data updated: 2026-09-28
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $8K in broker commissions, 0.0489% of average net assets, and portfolio turnover was 46%.
DTAN Fees and Expenses
Annual operating expenses and sales charges of DTAN. Prospectus, as of September 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| 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 |
DTAN Costs Over Time
On $10,000 invested in DTAN, assuming 5% a year before costs, total costs come to $378 over 5 years, cutting the return by 0.63% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $63 | $207 | $378 |
| Value after costs | $10,437 | $11,370 | $12,385 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
DTAN 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): 0.0489%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $2K
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
DTAN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $6K | 84.32% |
| MISCHLER FINANCIAL GROUP, INC. | $877 | 11.60% |
| CITIGROUP GLOBAL MARKETS INC. | $290 | 3.84% |
| MIRAE ASSET SECURITIES (USA) INC. | $19 | 0.25% |
DTAN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC | $2K | 99.86% |
| MERRILL LYNCH PIERCE FENNER & SMITH INC | $3 | 0.14% |
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.