FFTI Fees and Costs — FormulaFolios Tactical Income ETF
Data updated: 2023-10-27
The net expense ratio is 0.89%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $10K in broker commissions, 0.0104% of average net assets, and portfolio turnover was 38%.
FFTI Fees and Expenses
Annual operating expenses and sales charges of FFTI. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.89% |
| Fee waiver | — |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FFTI Costs Over Time
On $10,000 invested in FFTI, assuming 5% a year before costs, total costs come to $564 over 5 years, cutting the return by 0.95% 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 0.89%) | $93 | $292 | $507 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $95 | $310 | $564 |
| Value after costs | $10,405 | $11,266 | $12,198 |
| Impact on return, per year | 0.95% | 0.95% | 0.95% |
FFTI 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): 0.0104%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $41.5M
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $8.1M
- Net income from securities lending: $6K (0.006% of average net assets)
FFTI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Financial | $5K | 51.00% |
| Bank of America Merrill Lynch | $5K | 47.36% |
| KNIGHT CAPITAL GROUP | $166 | 1.64% |
FFTI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America Merrill Lynch | $28.4M | 68.32% |
| J.P. Morgan Securities LLC | $11.2M | 26.86% |
| Virtu Financial | $2.0M | 4.82% |
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.