EERN Fees and Costs — DriveWealth Power Saver ETF
Data updated: 2022-07-27
The net expense ratio is 2.14% (2.62% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $28 in broker commissions, 0.0113% of average net assets, and portfolio turnover was 11%.
EERN Fees and Expenses
Annual operating expenses and sales charges of EERN. Prospectus, as of January 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 2.62% |
| Fee waiver | −0.48% |
| Net expense ratio | 2.14% |
| 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 | No |
EERN Costs Over Time
On $10,000 invested in EERN, assuming 5% a year before costs, total costs come to $1,315 over 5 years, cutting the return by 2.26% 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 2.14%) | $225 | $693 | $1,187 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $35 | $122 |
| Total costs | $226 | $731 | $1,315 |
| Value after costs | $10,274 | $10,845 | $11,448 |
| Impact on return, per year | 2.26% | 2.26% | 2.26% |
EERN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0113%
- Total broker commissions: $28
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
EERN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL LLC | $28 | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.