GUDB Fees and Costs — Sage ESG Intermediate Credit ETF
Data updated: 2021-01-28
The net expense ratio is 0.35%: a 0.20% management fee plus 1.09% other expenses, less a 0.94% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 69%.
GUDB Fees and Expenses
Annual operating expenses and sales charges of GUDB. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.09% |
| Gross expense ratio | 1.29% |
| Fee waiver | −0.94% |
| Net expense ratio | 0.35% |
| 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 |
GUDB Costs Over Time
On $10,000 invested in GUDB, assuming 5% a year before costs, total costs come to $222 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $121 | $222 |
| Value after costs | $10,463 | $11,455 | $12,541 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
GUDB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $33.2M
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
GUDB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BKCM | $22.6M | 68.21% |
| Brean Capital | $3.1M | 9.21% |
| Brown Brothers Harriman & Co | $2.0M | 6.14% |
| Churchill Securities | $1.3M | 3.99% |
| CIBC World Markets | $1.1M | 3.21% |
| Credit Suisse | $763K | 2.30% |
| Deutsche Bank | $732K | 2.21% |
| FBR & Co. | $711K | 2.14% |
| Firstar Bank | $511K | 1.54% |
| Goldman Sachs | $349K | 1.05% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.