ENTIX Fees and Costs — ERShares Global Entrepreneurs, Institutional Class
Data updated: 2026-09-10
The net expense ratio is 0.98%: a 0.89% management fee plus 0.41% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3K in broker commissions, 0.0078% of average net assets, and portfolio turnover was 82%.
ENTIX Fees and Expenses
Annual operating expenses and sales charges of ENTIX. Prospectus, as of November 13, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.89% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.30% |
| Fee waiver | −0.32% |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ENTIX Costs Over Time
On $10,000 invested in ENTIX, assuming 5% a year before costs, total costs come to $618 over 5 years, cutting the return by 1.04% 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 0.98%) | $103 | $321 | $557 |
| Trading costs (broker commissions) | $1 | $3 | $4 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $618 |
| Value after costs | $10,396 | $11,237 | $12,145 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
ENTIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0078%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 82%
- Securities on loan, average value: $225K
- Net income from securities lending: $10K (0.023% of average net assets)
ENTIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS Securities LLC | $2K | 50.00% |
| Susquehanna Capital Group | $1K | 33.14% |
| Clear Street, LLC | $586 | 16.86% |
ERShares Global Entrepreneurs Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ENTAX | Class A | 0.98% | 4.75% |
| ENTIX | Institutional Class | 0.98% | none |
| ENTRX | Retail Class | 0.98% | none |
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.