GDVD Fees and Costs — R3 Global Dividend Growth ETF
Data updated: 2024-10-09
The net expense ratio is 0.88%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $10K in broker commissions, 0.0543% of average net assets, and portfolio turnover was 32%.
GDVD Fees and Expenses
Annual operating expenses and sales charges of GDVD. Prospectus, as of June 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.88% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.88% |
| Fee waiver | — |
| Net expense ratio | 0.88% |
| 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 |
GDVD Costs Over Time
On $10,000 invested in GDVD, assuming 5% a year before costs, total costs come to $585 over 5 years, cutting the return by 0.98% 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 0.88%) | $92 | $288 | $501 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $321 | $585 |
| Value after costs | $10,402 | $11,255 | $12,178 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
GDVD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 29, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0543%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $26.4M
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
GDVD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group, Inc. | $10K | 100.00% |
GDVD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $13.3M | 50.27% |
| Goldman, Sachs & Co. LLC | $7.2M | 27.15% |
| JPMorgan Chase | $6.0M | 22.59% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.