EMEQ Fees and Costs — Nomura Focused Emerging Markets Equity ETF
Data updated: 2026-08-26
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $267K in broker commissions, 0.2504% of average net assets, and portfolio turnover was 36%.
EMEQ Fees and Expenses
Annual operating expenses and sales charges of EMEQ. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| 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 |
EMEQ Costs Over Time
On $10,000 invested in EMEQ, assuming 5% a year before costs, total costs come to $687 over 5 years, cutting the return by 1.16% 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 0.85%) | $89 | $278 | $482 |
| Trading costs (broker commissions) | $26 | $82 | $142 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $378 | $687 |
| Value after costs | $10,384 | $11,198 | $12,076 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
EMEQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2504%
- Total broker commissions: $267K
- Bought from dealers (principal trades, not a cost): $457.9M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
EMEQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $168K | 65.74% |
| Citigroup Global Markets Inc. | $22K | 8.65% |
| Morgan Stanley & Co. LLC | $22K | 8.57% |
| Credit Agricole Securities (USA) Inc. | $12K | 4.73% |
| Jefferies LLC | $7K | 2.56% |
| UBS Securities LLC | $6K | 2.44% |
| Macquarie Capital (USA) Inc. | $5K | 2.08% |
| Goldman Sachs & Co. LLC | $5K | 1.79% |
| Yuanta Securities Co., LTD. | $4K | 1.75% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $4K | 1.70% |
EMEQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $406.4M | 88.76% |
| UBS Securities LLC | $23.8M | 5.19% |
| BofA Securities, Inc. | $17.3M | 3.78% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $7.1M | 1.54% |
| Jane Street Capital, LLC | $3.3M | 0.73% |
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.