FCUS Fees and Costs — Pinnacle Focused Opportunities ETF
Data updated: 2026-07-27
The net expense ratio is 0.80%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $67K in broker commissions, 0.1662% of average net assets, and portfolio turnover was 528%.
FCUS Fees and Expenses
Annual operating expenses and sales charges of FCUS. Prospectus, as of March 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| 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 |
FCUS Costs Over Time
On $10,000 invested in FCUS, assuming 5% a year before costs, total costs come to $605 over 5 years, cutting the return by 1.01% 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 0.80%) | $84 | $262 | $455 |
| Trading costs (broker commissions) | $17 | $54 | $94 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $332 | $605 |
| Value after costs | $10,399 | $11,244 | $12,158 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
FCUS 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): 0.1662%
- Total broker commissions: $67K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 528%
- Securities lending: none during the year
FCUS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $39K | 57.65% |
| ROBERT W. BAIRD & CO. INCORPORATED | $17K | 25.97% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $7K | 10.82% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $4K | 5.56% |
| MORGAN STANLEY & CO. LLC | $5 | 0.01% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.