FDLS Fees and Costs — Inspire Fidelis Multi Factor ETF
Data updated: 2026-07-28
The net expense ratio is 0.66%: a 0.45% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $163K in broker commissions, 0.1821% of average net assets, and portfolio turnover was 233%.
FDLS Fees and Expenses
Annual operating expenses and sales charges of FDLS. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| 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 |
FDLS Costs Over Time
On $10,000 invested in FDLS, assuming 5% a year before costs, total costs come to $528 over 5 years, cutting the return by 0.88% 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 0.66%) | $69 | $217 | $376 |
| Trading costs (broker commissions) | $19 | $60 | $104 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $290 | $528 |
| Value after costs | $10,412 | $11,286 | $12,234 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
FDLS 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): 0.1821%
- Total broker commissions: $163K
- Bought from dealers (principal trades, not a cost): $194.7M
- Portfolio turnover (prospectus): 233%
- Securities lending: none during the year
FDLS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS Securities LLC | $163K | 100.00% |
FDLS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman, Sachs & Co. LLC | $179.4M | 92.11% |
| Bofa Securities, Inc. | $12.9M | 6.63% |
| Virtu Americas LLC | $2.5M | 1.27% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.