FOMO Fees and Costs — Fomo ETF
Data updated: 2022-08-26
The net expense ratio is 0.92% (3.09% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $107K in broker commissions, 1.9490% of average net assets, and portfolio turnover was 3711%.
FOMO Fees and Expenses
Annual operating expenses and sales charges of FOMO. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 2.27% |
| Gross expense ratio | 3.09% |
| Fee waiver | −2.17% |
| 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 |
FOMO Costs Over Time
On $10,000 invested in FOMO, assuming 5% a year before costs, total costs come to $1,729 over 5 years, cutting the return by 3.01% 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 | $296 | $503 |
| Trading costs (broker commissions) | $205 | $626 | $1,065 |
| Lost growth on money paid in costs | $0 | $46 | $161 |
| Total costs | $301 | $968 | $1,729 |
| Value after costs | $10,199 | $10,608 | $11,034 |
| Impact on return, per year | 3.01% | 3.01% | 3.01% |
FOMO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 1.9490%
- Total broker commissions: $107K
- Bought from dealers (principal trades, not a cost): $16.7M
- Portfolio turnover (prospectus): 3711%
- Securities lending: none during the year
FOMO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RW Pressprich & Co. | $23K | 22.01% |
| Wallachbeth Capital LLC | $20K | 19.43% |
| Berenberg Capital Markets LLC | $18K | 17.62% |
| Capital Institutional Services Inc | $13K | 12.50% |
| BTIG, LLC. | $8K | 7.71% |
| Needham & Company, LLC | $6K | 5.79% |
| Mischler Financial Group, Inc. | $6K | 5.57% |
| Scotia Capital (USA) Inc. | $5K | 4.71% |
| Oppenheimer & Co. Inc. | $3K | 2.73% |
| JonesTrading Institutional Services LLC | $2K | 1.94% |
FOMO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $10.6M | 63.25% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $4.2M | 25.16% |
| Beech Hill Securities | $923K | 5.52% |
| BTIG, LLC. | $658K | 3.94% |
| Citigroup Global Markets Inc. | $249K | 1.49% |
| Needham & Company, LLC | $50K | 0.30% |
| J.P. Morgan Securities LLC | $33K | 0.20% |
| JonesTrading Institutional Services LLC | $17K | 0.10% |
| B. Riley Securities, Inc. | $8K | 0.04% |
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.