FLTN Fees and Costs — Rareview Inflation/Deflation ETF
Data updated: 2024-02-27
The net expense ratio is 1.01% (1.60% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $80K in broker commissions, 0.4918% of average net assets, and portfolio turnover was 346%.
FLTN Fees and Expenses
Annual operating expenses and sales charges of FLTN. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.83% |
| Gross expense ratio | 1.60% |
| Fee waiver | −0.59% |
| Net expense ratio | 1.01% |
| 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 |
FLTN Costs Over Time
On $10,000 invested in FLTN, assuming 5% a year before costs, total costs come to $930 over 5 years, cutting the return by 1.58% 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 1.01%) | $106 | $329 | $568 |
| Trading costs (broker commissions) | $52 | $160 | $276 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $158 | $514 | $930 |
| Value after costs | $10,342 | $11,062 | $11,833 |
| Impact on return, per year | 1.58% | 1.58% | 1.58% |
FLTN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.4918%
- Total broker commissions: $80K
- Bought from dealers (principal trades, not a cost): $83.5M
- Portfolio turnover (prospectus): 346%
- Securities lending: none during the year
FLTN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers LLC | $48K | 60.33% |
| Mischler Financial Group, Inc. | $21K | 26.50% |
| Clear Street LLC | $3K | 3.81% |
| JonesTrading Institutional Services LLC | $3K | 3.75% |
| R.J. O'Brien & Associates, LLC | $3K | 3.46% |
| GFI Securities | $1K | 1.47% |
| Sanders Morris Harris LLC | $556 | 0.69% |
FLTN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Amherst Pierpont Securities LLC | $50.3M | 60.24% |
| Mischler Financial Group, Inc. | $26.3M | 31.45% |
| GTS Securities, LLC | $3.5M | 4.16% |
| Goldman Sachs & Co. LLC | $1.8M | 2.18% |
| Virtu Americas LLC | $1.6M | 1.96% |
| Interactive Brokers LLC | $0 | 0.00% |
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.