GRES Fees and Costs — IQ Global Resources ETF
Data updated: 2023-12-20
The net expense ratio is 0.30%: a 0.30% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $6K in broker commissions, 0.0167% of average net assets, and portfolio turnover was 17%.
GRES Fees and Expenses
Annual operating expenses and sales charges of GRES. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.31% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.30% |
| 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 |
GRES Costs Over Time
On $10,000 invested in GRES, assuming 5% a year before costs, total costs come to $201 over 5 years, cutting the return by 0.33% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $110 | $201 |
| Value after costs | $10,467 | $11,467 | $12,562 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
GRES Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0167%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $16.9M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $3K (0.009% of average net assets)
GRES Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $3K | 49.62% |
| CitiGroup Global Markets Inc. | $3K | 48.18% |
| MORGAN STANLEY & CO. LLC | $137 | 2.20% |
GRES Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $10.4M | 61.55% |
| VIRTU AMERICAS LLC | $6.3M | 37.36% |
| CONTINENTAL RESOURCES, INC. | $101K | 0.60% |
| SANDERSON FARMS INC | $84K | 0.50% |
| INSTINET, LLC | $0 | 0.00% |
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.