EGPT Fees and Costs — VanEck Egypt Index ETF
Data updated: 2024-03-12
The net expense ratio is 1.24%: a 0.50% management fee plus 0.85% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $113K in broker commissions, 0.5981% of average net assets, and portfolio turnover was 66%.
EGPT Fees and Expenses
Annual operating expenses and sales charges of EGPT. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.85% |
| Gross expense ratio | 1.35% |
| Fee waiver | −0.11% |
| Net expense ratio | 1.24% |
| 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 |
EGPT Costs Over Time
On $10,000 invested in EGPT, 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 1.24%) | $130 | $403 | $692 |
| Trading costs (broker commissions) | $63 | $194 | $334 |
| Lost growth on money paid in costs | $0 | $30 | $105 |
| Total costs | $193 | $627 | $1,131 |
| Value after costs | $10,307 | $10,950 | $11,632 |
| Impact on return, per year | 1.93% | 1.93% | 1.93% |
EGPT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.5981%
- Total broker commissions: $113K
- Bought from dealers (principal trades, not a cost): $9.2M
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
EGPT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $43K | 37.79% |
| UBS Securities LLC | $40K | 35.72% |
| Goldman Sachs & Co. LLC | $20K | 17.56% |
| Morgan Stanley & Co. LLC | $4K | 3.75% |
| BofA Securities, Inc. | $3K | 2.99% |
| J.P. Morgan Securities LLC | $2K | 2.19% |
EGPT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $3.7M | 39.82% |
| UBS Securities LLC | $2.9M | 31.29% |
| Goldman Sachs & Co. LLC | $1.7M | 18.98% |
| J.P. Morgan Securities LLC | $597K | 6.51% |
| Virtu Americas LLC | $158K | 1.72% |
| BofA Securities, Inc. | $154K | 1.68% |
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.