GBHI Fees and Costs — Gabelli High Income ETF
Data updated: 2026-08-31
The net expense ratio is 0.01% (0.56% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $37 in broker commissions, 0.0006% of average net assets.
GBHI Fees and Expenses
Annual operating expenses and sales charges of GBHI. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.56% |
| Fee waiver | −0.55% |
| Net expense ratio | 0.01% |
| 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 |
GBHI Costs Over Time
On $10,000 invested in GBHI, assuming 5% a year before costs, total costs come to $7 over 5 years, cutting the return by 0.01% 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 0.01%) | $1 | $3 | $6 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $1 | $4 | $7 |
| Value after costs | $10,499 | $11,573 | $12,756 |
| Impact on return, per year | 0.01% | 0.01% | 0.01% |
GBHI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0006%
- Total broker commissions: $37
- Bought from dealers (principal trades, not a cost): $16.0M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
GBHI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $34 | 91.89% |
| WELLS FARGO CLEARING SERVICES, LLC | $3 | 8.11% |
GBHI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO CAPITAL MARKETS CORP. | $4.9M | 33.31% |
| BARCLAYS CAPITAL, INC. | $3.4M | 22.67% |
| GOLDMAN SACHS & CO. LLC | $1.9M | 12.63% |
| J.P. Morgan Securities LLC | $1.1M | 7.30% |
| Jane Street Execution Services, LLC | $1.0M | 6.77% |
| BOFA SECURITIES, INC. | $696K | 4.69% |
| Bank of Montreal | $621K | 4.19% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $490K | 3.31% |
| WELLS FARGO SECURITIES, LLC | $400K | 2.70% |
| JEFFERIES LLC | $361K | 2.43% |
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.