FIVR Fees and Costs — Strategy Shares Nasdaq 5 HANDL(TM) Index ETF
Data updated: 2023-09-26
The net expense ratio is 0.88% (0.90% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $646 in broker commissions, 0.0268% of average net assets, and portfolio turnover was 58%.
FIVR Fees and Expenses
Annual operating expenses and sales charges of FIVR. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 0.90% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.88% |
| 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 |
FIVR Costs Over Time
On $10,000 invested in FIVR, assuming 5% a year before costs, total costs come to $568 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 0.88%) | $92 | $289 | $501 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $95 | $312 | $568 |
| Value after costs | $10,405 | $11,264 | $12,195 |
| Impact on return, per year | 0.95% | 0.95% | 0.95% |
FIVR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0268%
- Total broker commissions: $646
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
FIVR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $317 | 49.05% |
| Goldman Sachs & Co. LLC | $283 | 43.74% |
| Mischler Financial Group, Inc. | $47 | 7.22% |
FIVR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1.6M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.