HDIV Fees and Costs — QRAFT AI-Enhanced U.S. High Dividend ETF
Data updated: 2022-12-29
The net expense ratio is 0.76%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $4K in broker commissions, 0.0636% of average net assets, and portfolio turnover was 208%.
HDIV Fees and Expenses
Annual operating expenses and sales charges of HDIV. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.76% |
| Fee waiver | — |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
HDIV Costs Over Time
On $10,000 invested in HDIV, assuming 5% a year before costs, total costs come to $517 over 5 years, cutting the return by 0.86% 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 0.76%) | $80 | $249 | $433 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $284 | $517 |
| Value after costs | $10,414 | $11,293 | $12,246 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
HDIV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0636%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $19.2M
- Portfolio turnover (prospectus): 208%
- Securities lending: none during the year
HDIV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $2K | 49.76% |
| MISCHLER FINANCIAL GROUP, INC. | $1K | 33.84% |
| GOLDMAN SACHS & CO. LLC | $631 | 16.31% |
| CITADEL SECURITIES LLC | $4 | 0.10% |
HDIV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $10.3M | 53.79% |
| GOLDMAN SACHS & CO. LLC | $5.8M | 29.98% |
| VIRTU AMERICAS LLC | $3.1M | 16.22% |
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.