HGRO Fees and Costs — Hedgeye Quality Growth ETF
Data updated: 2026-09-23
The net expense ratio is 0.70%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0176% of average net assets, and portfolio turnover was 97%.
HGRO Fees and Expenses
Annual operating expenses and sales charges of HGRO. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| 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 |
HGRO Costs Over Time
On $10,000 invested in HGRO, assuming 5% a year before costs, total costs come to $451 over 5 years, cutting the return by 0.75% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $247 | $451 |
| Value after costs | $10,425 | $11,329 | $12,311 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
HGRO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0176%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 97%
- Securities lending: none during the year
HGRO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD & CO. INCORPORATED | $2K | 44.33% |
| PERSHING LLC | $1K | 28.17% |
| MORGAN STANLEY & CO. LLC | $766 | 17.78% |
| GOLDMAN SACHS & CO. LLC | $188 | 4.36% |
| TELSEY ADVISORY GROUP LLC | $177 | 4.11% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $54 | 1.25% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.