HEAT Fees and Costs — Touchstone Climate Transition ETF
Data updated: 2025-11-25
The net expense ratio is 0.69%: a 0.65% management fee plus 1.48% other expenses, less a 1.44% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $4K in broker commissions, 0.0363% of average net assets, and portfolio turnover was 65%.
HEAT Fees and Expenses
Annual operating expenses and sales charges of HEAT. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.48% |
| Gross expense ratio | 2.13% |
| Fee waiver | −1.44% |
| Net expense ratio | 0.69% |
| 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 |
HEAT Costs Over Time
On $10,000 invested in HEAT, assuming 5% a year before costs, total costs come to $457 over 5 years, cutting the return by 0.76% 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $250 | $457 |
| Value after costs | $10,424 | $11,326 | $12,306 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
HEAT 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): 0.0363%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $7K
- Net income from securities lending: $30 (0.000% of average net assets)
HEAT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $4K | 86.49% |
| HSBC Securities (USA) Inc. | $326 | 7.79% |
| Mirae Asset Securities (USA) Inc. | $124 | 2.96% |
| Goldman Sachs & Co. LLC | $116 | 2.76% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.