GFOF Fees and Costs — Grayscale Future of Finance ETF
Data updated: 2024-11-27
The net expense ratio is 0.70%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0579% of average net assets, and portfolio turnover was 68%.
GFOF Fees and Expenses
Annual operating expenses and sales charges of GFOF. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| 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 |
GFOF Costs Over Time
On $10,000 invested in GFOF, assuming 5% a year before costs, total costs come to $476 over 5 years, cutting the return by 0.80% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $261 | $476 |
| Value after costs | $10,420 | $11,315 | $12,286 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
GFOF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0579%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 68%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $100K (1.927% of average net assets)
GFOF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $870 | 28.92% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $778 | 25.86% |
| SIGMA FINANCIAL CORPORATION | $614 | 20.41% |
| BTIG, LLC | $606 | 20.15% |
| GOLDMAN SACHS & CO. LLC | $140 | 4.65% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.