GDMA Fees and Costs — Gadsden Dynamic Multi-Asset ETF
Data updated: 2026-08-26
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $354K in broker commissions, 0.2363% of average net assets, and portfolio turnover was 661%.
GDMA Fees and Expenses
Annual operating expenses and sales charges of GDMA. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
GDMA Costs Over Time
On $10,000 invested in GDMA, assuming 5% a year before costs, total costs come to $617 over 5 years, cutting the return by 1.04% 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 0.75%) | $79 | $246 | $426 |
| Trading costs (broker commissions) | $25 | $77 | $134 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $339 | $617 |
| Value after costs | $10,396 | $11,237 | $12,146 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
GDMA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.2363%
- Total broker commissions: $354K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 661%
- Securities on loan, average value: $8.7M
- Net income from securities lending: $99K (0.066% of average net assets)
GDMA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $199K | 56.09% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $71K | 20.15% |
| RBC CAPITAL MARKETS, LLC | $34K | 9.63% |
| SG AMERICAS SECURITIES LLC | $33K | 9.42% |
| SANFORD C. BERNSTEIN & CO. LLC | $11K | 3.07% |
| MIRAE ASSET SECURITIES (USA) INC. | $6K | 1.63% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.