GENZ Fees and Costs — VanEck Gaming ETF
Data updated: 2026-08-26
The net expense ratio is 0.51%: a 0.50% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0238% of average net assets, and portfolio turnover was 16%.
GENZ Fees and Expenses
Annual operating expenses and sales charges of GENZ. Prospectus, as of April 8, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.51% |
| Fee waiver | — |
| Net expense ratio | 0.51% |
| 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 | No |
GENZ Costs Over Time
On $10,000 invested in GENZ, assuming 5% a year before costs, total costs come to $337 over 5 years, cutting the return by 0.56% 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 0.51%) | $54 | $168 | $293 |
| Trading costs (broker commissions) | $2 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $184 | $337 |
| Value after costs | $10,444 | $11,392 | $12,426 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
GENZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0238%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $9.9M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $2.1M
- Net income from securities lending: $5K (0.018% of average net assets)
GENZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $2K | 29.70% |
| J.P. Morgan Securities LLC | $2K | 28.00% |
| BofA Securities, Inc. | $1K | 20.91% |
| Citigroup Global Markets Inc. | $1K | 20.68% |
| UBS Securities LLC | $50 | 0.71% |
GENZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $5.0M | 50.37% |
| J.P. Morgan Securities LLC | $3.9M | 39.19% |
| Virtu Americas LLC | $1.0M | 10.43% |
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.