HFSP Fees and Costs — TradersAI Large Cap Equity & Cash ETF
Data updated: 2026-07-21
The net expense ratio is 1.25%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $19K in broker commissions, 1.8723% of average net assets, and portfolio turnover was 0%.
HFSP Fees and Expenses
Annual operating expenses and sales charges of HFSP. Prospectus, as of December 23, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.25% |
| Fee waiver | — |
| Net expense ratio | 1.25% |
| 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 |
HFSP Costs Over Time
On $10,000 invested in HFSP, assuming 5% a year before costs, total costs come to $1,872 over 5 years, cutting the return by 3.28% 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 1.25%) | $131 | $401 | $679 |
| Trading costs (broker commissions) | $197 | $600 | $1,017 |
| Lost growth on money paid in costs | $0 | $50 | $175 |
| Total costs | $328 | $1,051 | $1,872 |
| Value after costs | $10,172 | $10,525 | $10,891 |
| Impact on return, per year | 3.28% | 3.28% | 3.28% |
HFSP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 1.8723%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
HFSP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BGC FINANCIAL L.P. | $19K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.