EASI Fees and Costs — Amplify EASI Tactical Growth ETF
Data updated: 2020-06-29
The net expense ratio is 0.81%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $40K in broker commissions, 0.1964% of average net assets, and portfolio turnover was 480%.
EASI Fees and Expenses
Annual operating expenses and sales charges of EASI. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.81% |
| Fee waiver | — |
| Net expense ratio | 0.81% |
| 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 |
EASI Costs Over Time
On $10,000 invested in EASI, assuming 5% a year before costs, total costs come to $629 over 5 years, cutting the return by 1.06% 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 0.81%) | $85 | $265 | $460 |
| Trading costs (broker commissions) | $21 | $64 | $112 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $346 | $629 |
| Value after costs | $10,394 | $11,230 | $12,133 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
EASI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1964%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $159K
- Portfolio turnover (prospectus): 480%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $13K (0.064% of average net assets)
EASI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $20K | 50.42% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $20K | 49.58% |
EASI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $159K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.