FRAK Fees and Costs — VanEck Vectors Unconventional Oil & Gas ETF
Data updated: 2021-11-22
The net expense ratio is 0.54%: a 0.50% management fee plus 1.40% other expenses, less a 1.36% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $3K in broker commissions, 0.0334% of average net assets, and portfolio turnover was 24%.
FRAK Fees and Expenses
Annual operating expenses and sales charges of FRAK. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 1.40% |
| Gross expense ratio | 1.90% |
| Fee waiver | −1.36% |
| Net expense ratio | 0.54% |
| 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 | No |
FRAK Costs Over Time
On $10,000 invested in FRAK, assuming 5% a year before costs, total costs come to $362 over 5 years, cutting the return by 0.60% 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 0.54%) | $57 | $178 | $310 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $198 | $362 |
| Value after costs | $10,440 | $11,378 | $12,401 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
FRAK Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0334%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $3.2M
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: $930K
- Net income from securities lending: $4K (0.034% of average net assets)
FRAK Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $1K | 36.91% |
| UBS Securities LLC | $848 | 24.44% |
| Robert W. Baird & Co. Incorporated | $744 | 21.43% |
| BofA Securities, Inc. | $554 | 15.95% |
| Morgan Stanley & Co. LLC | $28 | 0.81% |
| J.P. Morgan Securities LLC | $16 | 0.46% |
FRAK Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.7M | 84.50% |
| BofA Securities, Inc. | $499K | 15.50% |
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.