FMCX Fees and Costs — FM Focus Equity ETF
Data updated: 2026-07-28
The net expense ratio is 0.72%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $11K in broker commissions, 0.0099% of average net assets, and portfolio turnover was 67%.
FMCX Fees and Expenses
Annual operating expenses and sales charges of FMCX. Prospectus, as of July 17, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.72% |
| Fee waiver | — |
| Net expense ratio | 0.72% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FMCX Costs Over Time
On $10,000 invested in FMCX, assuming 5% a year before costs, total costs come to $459 over 5 years, cutting the return by 0.77% 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 0.72%) | $76 | $237 | $411 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $459 |
| Value after costs | $10,423 | $11,325 | $12,304 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
FMCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0099%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $19.0M
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
FMCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mirae Asset Securities (USA) Inc. | $11K | 100.00% |
FMCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Mirae Asset Securities (USA) Inc. | $19.0M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.