GENY Fees and Costs — Principal Millennial Global Growth ETF
Data updated: 2023-11-21
The net expense ratio is 0.38%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $674 in broker commissions, 0.0026% of average net assets, and portfolio turnover was 28%.
GENY Fees and Expenses
Annual operating expenses and sales charges of GENY. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.38% |
| Fee waiver | — |
| Net expense ratio | 0.38% |
| 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 |
GENY Costs Over Time
On $10,000 invested in GENY, assuming 5% a year before costs, total costs come to $242 over 5 years, cutting the return by 0.40% 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 0.38%) | $40 | $125 | $219 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $132 | $242 |
| Value after costs | $10,460 | $11,444 | $12,521 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
GENY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0026%
- Total broker commissions: $674
- Bought from dealers (principal trades, not a cost): $5.0M
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $677K
- Net income from securities lending: $19K (0.074% of average net assets)
GENY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Company, Incorporated | $384 | 59.04% |
| Nomura Securities International, Inc. | $110 | 16.85% |
| Citigroup Global Markets Inc. | $48 | 7.43% |
| Barclays Capital Inc. | $38 | 5.81% |
| HSBC Securities (USA) Inc. | $19 | 2.89% |
| BofA Securities, Inc. | $16 | 2.47% |
| Dash Financial Technologies LLC | $16 | 2.45% |
| Jefferies LLC | $7 | 1.07% |
| Stonex Financial Inc. | $7 | 1.03% |
| UBS Securities LLC | $6 | 0.95% |
GENY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2.0M | 40.24% |
| J.P. Morgan Securities LLC | $1.7M | 32.98% |
| State Street Bank and Trust Company | $1.3M | 26.72% |
| Cowen and Company, LLC | $3K | 0.06% |
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.