FDTB Fees and Costs — Foundations Dynamic Income ETF
Data updated: 2025-06-24
The net expense ratio is 0.79%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $29K in broker commissions, 0.4261% of average net assets, and portfolio turnover was 1210%.
FDTB Fees and Expenses
Annual operating expenses and sales charges of FDTB. Prospectus, as of November 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| 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 | Yes |
FDTB Costs Over Time
On $10,000 invested in FDTB, assuming 5% a year before costs, total costs come to $757 over 5 years, cutting the return by 1.28% 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 0.79%) | $83 | $258 | $447 |
| Trading costs (broker commissions) | $45 | $139 | $241 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $128 | $417 | $757 |
| Value after costs | $10,372 | $11,159 | $12,005 |
| Impact on return, per year | 1.28% | 1.28% | 1.28% |
FDTB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.4261%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): $49.0M
- Portfolio turnover (prospectus): 1210%
- Securities lending: none during the year
FDTB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP | $29K | 99.37% |
| GTS Mischler | $184 | 0.63% |
FDTB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $29.7M | 60.63% |
| Bank of America Merrill Lynch | $11.2M | 22.83% |
| JP MORGAN | $5.7M | 11.70% |
| VIRTU FINANCIAL | $2.1M | 4.38% |
| MISCHLER FINANCIAL GROUP | $227K | 0.46% |
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.