FFHG Fees and Costs — FormulaFolios Hedged Growth ETF
Data updated: 2023-10-27
The net expense ratio is 1.04% (1.16% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0023% of average net assets, and portfolio turnover was 14%.
FFHG Fees and Expenses
Annual operating expenses and sales charges of FFHG. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.12% |
| Net expense ratio | 1.04% |
| 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 |
FFHG Costs Over Time
On $10,000 invested in FFHG, assuming 5% a year before costs, total costs come to $651 over 5 years, cutting the return by 1.09% 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 1.04%) | $109 | $341 | $590 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $109 | $358 | $651 |
| Value after costs | $10,391 | $11,218 | $12,111 |
| Impact on return, per year | 1.09% | 1.09% | 1.09% |
FFHG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0023%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $73.9M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $3K (0.005% of average net assets)
FFHG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| KNIGHT CAPITAL GROUP | $696 | 58.15% |
| Virtu Financial | $501 | 41.85% |
FFHG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $36.9M | 49.91% |
| Virtu Financial | $33.9M | 45.84% |
| Citadel Securities LLC | $1.6M | 2.16% |
| Bank of America Merrill Lynch | $1.6M | 2.10% |
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.