EQL Fees and Costs — ALPS Equal Sector Weight ETF
Data updated: 2026-07-29
The net expense ratio is 0.19%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0014% of average net assets, and portfolio turnover was 10%.
EQL Fees and Expenses
Annual operating expenses and sales charges of EQL. Prospectus, as of June 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.19% |
| Fee waiver | — |
| Net expense ratio | 0.19% |
| 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 |
EQL Costs Over Time
On $10,000 invested in EQL, assuming 5% a year before costs, total costs come to $122 over 5 years, cutting the return by 0.20% 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 0.19%) | $20 | $63 | $110 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $3 | $11 |
| Total costs | $20 | $66 | $122 |
| Value after costs | $10,480 | $11,510 | $12,641 |
| Impact on return, per year | 0.20% | 0.20% | 0.20% |
EQL 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): 0.0014%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $282.5M
- Portfolio turnover (prospectus): 10%
- Securities on loan, average value: $31.4M
- Net income from securities lending: $50K (0.010% of average net assets)
EQL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $7K | 99.89% |
| MISCHLER FINANCIAL GROUP, INC. | $8 | 0.11% |
EQL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $83.7M | 29.61% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $68.5M | 24.23% |
| CITADEL SECURITIES LLC | $47.5M | 16.81% |
| JANE STREET CAPITAL, LLC | $42.0M | 14.87% |
| GOLDMAN SACHS & CO. LLC | $40.9M | 14.48% |
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.