ENFR Fees and Costs — Alerian Energy Infrastructure ETF
Data updated: 2026-07-29
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $33K in broker commissions, 0.0111% of average net assets, and portfolio turnover was 21%.
ENFR Fees and Expenses
Annual operating expenses and sales charges of ENFR. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
ENFR Costs Over Time
On $10,000 invested in ENFR, assuming 5% a year before costs, total costs come to $229 over 5 years, cutting the return by 0.38% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $125 | $229 |
| Value after costs | $10,462 | $11,451 | $12,534 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
ENFR 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): 0.0111%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $165.0M
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $12.2M
- Net income from securities lending: $22K (0.007% of average net assets)
ENFR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $32K | 95.61% |
| MISCHLER FINANCIAL GROUP, INC. | $1K | 4.39% |
ENFR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $79.8M | 48.36% |
| JPMORGAN DISTRIBUTION SERVICES, INC. | $66.2M | 40.12% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $17.5M | 10.58% |
| MIZUHO SECURITIES USA LLC | $1.6M | 0.95% |
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.