HART Fees and Costs — NYLI Healthy Hearts ETF
Data updated: 2025-09-25
The net expense ratio is 0.45%: a 0.45% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0318% of average net assets, and portfolio turnover was 34%.
HART Fees and Expenses
Annual operating expenses and sales charges of HART. Prospectus, as of August 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.46% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.45% |
| 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 |
HART Costs Over Time
On $10,000 invested in HART, assuming 5% a year before costs, total costs come to $305 over 5 years, cutting the return by 0.51% 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 0.45%) | $47 | $148 | $258 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $167 | $305 |
| Value after costs | $10,449 | $11,410 | $12,458 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
HART Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0318%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $2.9M
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $98K
- Net income from securities lending: $339 (0.004% of average net assets)
HART Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $1K | 41.73% |
| CITADEL SECURITIES LLC | $550 | 18.76% |
| OLD MISSION MARKETS LLC | $352 | 12.01% |
| MISCHLER FINANCIAL GROUP, INC. | $347 | 11.84% |
| CitiGroup Global Markets Inc. | $281 | 9.59% |
| STIFEL FINANCIAL CORP. | $103 | 3.51% |
| VIRTU AMERICAS LLC | $75 | 2.56% |
HART Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $1.3M | 46.03% |
| BOFA SECURITIES, INC. | $788K | 27.37% |
| J.P. Morgan Securities LLC | $766K | 26.61% |
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.