EMPB Fees and Costs — Efficient Market Portfolio Plus ETF
Data updated: 2026-07-28
The net expense ratio is 2.21%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $17K in broker commissions, 0.1646% of average net assets, and portfolio turnover was 277%.
EMPB Fees and Expenses
Annual operating expenses and sales charges of EMPB. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.84% |
| Gross expense ratio | — |
| Fee waiver | — |
| Net expense ratio | 2.21% |
| 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 |
EMPB Costs Over Time
On $10,000 invested in EMPB, assuming 5% a year before costs, total costs come to $1,445 over 5 years, cutting the return by 2.49% 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 2.21%) | $232 | $714 | $1,220 |
| Trading costs (broker commissions) | $17 | $53 | $91 |
| Lost growth on money paid in costs | $0 | $38 | $134 |
| Total costs | $249 | $805 | $1,445 |
| Value after costs | $10,251 | $10,771 | $11,318 |
| Impact on return, per year | 2.49% | 2.49% | 2.49% |
EMPB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1646%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 277%
- Securities on loan, average value: $105K
- Net income from securities lending: $2K (0.017% of average net assets)
EMPB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $8K | 45.59% |
| MISCHLER FINANCIAL GROUP, INC. | $7K | 42.14% |
| INTERACTIVE BROKERS LLC | $1K | 5.79% |
| RBC CAPITAL MARKETS, LLC | $798 | 4.57% |
| FLOW TRADERS U.S. LLC | $333 | 1.91% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.