FWDB Fees and Costs — AdvisorShares North Square McKee ESG Core Bond ETF
Data updated: 2022-09-08
The net expense ratio is 0.47%: a 0.24% management fee plus 1.65% other expenses, less a 1.42% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $7K in broker commissions, 0.1791% of average net assets, and portfolio turnover was 256%.
FWDB Fees and Expenses
Annual operating expenses and sales charges of FWDB. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.24% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.65% |
| Gross expense ratio | 1.89% |
| Fee waiver | −1.42% |
| Net expense ratio | 0.47% |
| 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 |
FWDB Costs Over Time
On $10,000 invested in FWDB, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% 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 0.47%) | $49 | $155 | $269 |
| Trading costs (broker commissions) | $19 | $59 | $103 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,354 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
FWDB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1791%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $13.1M
- Portfolio turnover (prospectus): 256%
- Securities on loan, average value: $205K
- Net income from securities lending: $1K (0.035% of average net assets)
FWDB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $7K | 89.21% |
| INSTINET, LLC | $793 | 10.79% |
FWDB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $1.7M | 18.24% |
| CitiGroup Global Markets Inc. | $1.6M | 16.56% |
| CITADEL SECURITIES LLC | $1.1M | 11.04% |
| WELLS FARGO SECURITIES, LLC | $952K | 9.96% |
| J.P. Morgan Securities LLC | $838K | 8.77% |
| GOLDMAN SACHS & CO. LLC | $811K | 8.48% |
| TD SECURITIES (USA) LLC | $731K | 7.65% |
| DEUTSCHE BANK SECURITIES, INC. | $709K | 7.41% |
| STONEX FINANCIAL INC. | $658K | 6.88% |
| MARKETAXESS CORPORATION | $480K | 5.02% |
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.