GLRY Fees and Costs — Inspire Growth ETF
Data updated: 2026-07-28
The net expense ratio is 0.80%: a 0.65% management fee plus 0.22% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0063% of average net assets, and portfolio turnover was 26%.
GLRY Fees and Expenses
Annual operating expenses and sales charges of GLRY. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.80% |
| 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 |
GLRY Costs Over Time
On $10,000 invested in GLRY, assuming 5% a year before costs, total costs come to $506 over 5 years, cutting the return by 0.85% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $85 | $278 | $506 |
| Value after costs | $10,415 | $11,298 | $12,257 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
GLRY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0063%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $68.3M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
GLRY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS Securities LLC | $5K | 100.00% |
GLRY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $39.9M | 58.48% |
| Goldman, Sachs & Co. LLC | $14.2M | 20.75% |
| Virtu Americas LLC | $12.4M | 18.11% |
| J.P. Morgan Securities LLC | $1.8M | 2.66% |
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.