FFSG Fees and Costs — FormulaFolios Smart Growth ETF
Data updated: 2023-10-27
The net expense ratio is 0.70% (1.05% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0044% of average net assets, and portfolio turnover was 28%.
FFSG Fees and Expenses
Annual operating expenses and sales charges of FFSG. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.05% |
| Fee waiver | −0.35% |
| Net expense ratio | 0.70% |
| 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 |
FFSG Costs Over Time
On $10,000 invested in FFSG, assuming 5% a year before costs, total costs come to $443 over 5 years, cutting the return by 0.74% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $11 | $41 |
| Total costs | $74 | $243 | $443 |
| Value after costs | $10,426 | $11,333 | $12,320 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
FFSG 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): 0.0044%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $9.2M
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $2.7M
- Net income from securities lending: $790 (0.003% of average net assets)
FFSG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Financial | $1K | 94.52% |
| Bank of America Merrill Lynch | $61 | 5.48% |
FFSG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Financial | $4.6M | 50.02% |
| Citadel Securities LLC | $3.8M | 41.62% |
| Bank of America Merrill Lynch | $766K | 8.36% |
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.