HDRO Fees and Costs — Defiance Next Gen H2 ETF
Data updated: 2025-05-30
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $45K in broker commissions, 0.2134% of average net assets, and portfolio turnover was 57%.
HDRO Fees and Expenses
Annual operating expenses and sales charges of HDRO. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| 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 |
HDRO Costs Over Time
On $10,000 invested in HDRO, assuming 5% a year before costs, total costs come to $324 over 5 years, cutting the return by 0.54% 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 | $172 |
| Trading costs (broker commissions) | $22 | $70 | $122 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $54 | $177 | $324 |
| Value after costs | $10,446 | $11,399 | $12,439 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
HDRO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.2134%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $7.2M
- Net income from securities lending: $117K (0.552% of average net assets)
HDRO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $44K | 97.87% |
| JANE STREET EXECUTION SERVICES, LLC | $963 | 2.13% |
HDRO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $1 | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.