GHMS Fees and Costs — Goose Hollow Multi-Strategy Income ETF
Data updated: 2025-11-26
The net expense ratio is 1.42% (2.13% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $12K in broker commissions, 0.0903% of average net assets, and portfolio turnover was 35%.
GHMS Fees and Expenses
Annual operating expenses and sales charges of GHMS. Prospectus, as of July 24, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.06% |
| Gross expense ratio | 2.13% |
| Fee waiver | −0.71% |
| Net expense ratio | 1.42% |
| 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 | Yes |
GHMS Costs Over Time
On $10,000 invested in GHMS, assuming 5% a year before costs, total costs come to $935 over 5 years, cutting the return by 1.59% 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 1.42%) | $149 | $463 | $798 |
| Trading costs (broker commissions) | $9 | $29 | $51 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $159 | $517 | $935 |
| Value after costs | $10,341 | $11,060 | $11,828 |
| Impact on return, per year | 1.59% | 1.59% | 1.59% |
GHMS 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): 0.0903%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $22.8M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
GHMS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $5K | 43.92% |
| Flow Traders | $3K | 23.92% |
| MIRAE ASSET SECURITIES (USA) INC. | $2K | 20.59% |
| GTS Securities, LLC | $1K | 10.08% |
| Piper Jaffray & Co. | $172 | 1.49% |
GHMS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $11.4M | 49.99% |
| BofA Securities, Inc. | $8.2M | 36.09% |
| MIRAE ASSET SECURITIES (USA) INC. | $3.2M | 13.92% |
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.