GLCN Fees and Costs — VanEck China Growth Leaders ETF
Data updated: 2023-08-16
The net expense ratio is 0.60%: a 0.50% management fee plus 0.66% other expenses, less a 0.56% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $54K in broker commissions, 0.2922% of average net assets, and portfolio turnover was 73%.
GLCN Fees and Expenses
Annual operating expenses and sales charges of GLCN. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.66% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.56% |
| Net expense ratio | 0.60% |
| 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 |
GLCN Costs Over Time
On $10,000 invested in GLCN, assuming 5% a year before costs, total costs come to $559 over 5 years, cutting the return by 0.94% 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 0.60%) | $63 | $197 | $342 |
| Trading costs (broker commissions) | $31 | $96 | $166 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $94 | $307 | $559 |
| Value after costs | $10,406 | $11,269 | $12,204 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
GLCN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.2922%
- Total broker commissions: $54K
- Bought from dealers (principal trades, not a cost): $882K
- Portfolio turnover (prospectus): 73%
- Securities on loan, average value: $362K
- Net income from securities lending: $3K (0.015% of average net assets)
GLCN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $48K | 88.52% |
| UBS Securities LLC | $3K | 4.98% |
| BofA Securities, Inc. | $2K | 3.50% |
| Morgan Stanley & Co. LLC | $1K | 1.99% |
| Citigroup Global Markets Inc. | $261 | 0.48% |
| J.P. Morgan Securities LLC | $188 | 0.35% |
| CICC US Securities, Inc. | $95 | 0.18% |
GLCN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $456K | 51.68% |
| Jane Street Capital, LLC | $426K | 48.32% |
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.