FFDV Fees and Costs — UVA Dividend Value ETF
Data updated: 2022-10-28
The net expense ratio is 0.80%: a 0.75% management fee plus 1.35% other expenses, less a 1.30% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2K in broker commissions, 0.0145% of average net assets, and portfolio turnover was 14%.
FFDV Fees and Expenses
Annual operating expenses and sales charges of FFDV. Prospectus, as of June 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 1.35% |
| Gross expense ratio | 2.10% |
| Fee waiver | −1.30% |
| Net expense ratio | 0.80% |
| 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 |
FFDV Costs Over Time
On $10,000 invested in FFDV, assuming 5% a year before costs, total costs come to $511 over 5 years, cutting the return by 0.86% 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 | $263 | $456 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $281 | $511 |
| Value after costs | $10,414 | $11,296 | $12,251 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
FFDV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0145%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $13.7M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
FFDV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Clear Street LLC | $2K | 85.22% |
| GTS Securities | $316 | 14.78% |
FFDV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Clear Street LLC | $11.6M | 84.85% |
| Merrill Lynch Professional Clearing Corp. | $1.2M | 8.59% |
| Goldman Sachs & Co. | $895K | 6.55% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.