FFTG Fees and Costs — FormulaFolios Tactical Growth ETF
Data updated: 2023-10-27
The net expense ratio is 0.92% (1.29% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $26K in broker commissions, 0.0951% of average net assets, and portfolio turnover was 268%.
FFTG Fees and Expenses
Annual operating expenses and sales charges of FFTG. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.29% |
| Fee waiver | −0.37% |
| Net expense ratio | 0.92% |
| 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 |
FFTG Costs Over Time
On $10,000 invested in FFTG, assuming 5% a year before costs, total costs come to $635 over 5 years, cutting the return by 1.07% 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 0.92%) | $97 | $301 | $523 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $107 | $349 | $635 |
| Value after costs | $10,393 | $11,227 | $12,128 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
FFTG 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): 0.0951%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $9.2M
- Portfolio turnover (prospectus): 268%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $2K (0.006% of average net assets)
FFTG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| KNIGHT CAPITAL GROUP | $19K | 73.43% |
| Virtu Financial | $7K | 26.57% |
FFTG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Financial | $3.6M | 39.69% |
| Goldman, Sachs & Co. LLC | $2.5M | 27.15% |
| Citadel Securities LLC | $2.5M | 26.70% |
| Bank of America Merrill Lynch | $593K | 6.46% |
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.