HIMZ Fees and Costs — Defiance Daily Target 2X Long HIMS ETF
Data updated: 2026-09-28
The net expense ratio is 1.33%: a 1.29% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.5M in broker commissions, 1.1759% of average net assets, and portfolio turnover was 251%.
HIMZ Fees and Expenses
Annual operating expenses and sales charges of HIMZ. Prospectus, as of August 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 1.33% |
| Fee waiver | — |
| Net expense ratio | 1.33% |
| 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 |
HIMZ Costs Over Time
On $10,000 invested in HIMZ, assuming 5% a year before costs, total costs come to $1,521 over 5 years, cutting the return by 2.63% 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 1.33%) | $140 | $429 | $732 |
| Trading costs (broker commissions) | $123 | $379 | $647 |
| Lost growth on money paid in costs | $0 | $40 | $142 |
| Total costs | $263 | $849 | $1,521 |
| Value after costs | $10,237 | $10,728 | $11,242 |
| Impact on return, per year | 2.63% | 2.63% | 2.63% |
HIMZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 1.1759%
- Total broker commissions: $1.5M
- Bought from dealers (principal trades, not a cost): $480.3M
- Portfolio turnover (prospectus): 251%
- Securities lending: none during the year
HIMZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $486K | 33.42% |
| CANTOR FITZGERALD & CO. | $358K | 24.58% |
| BMO CAPITAL MARKETS CORP. | $201K | 13.79% |
| MAREX CAPITAL MARKETS INC. | $186K | 12.81% |
| NOMURA SECURITIES INTERNATIONAL INC. | $179K | 12.29% |
| NATIONAL BANK OF CANADA FINANCIAL INC. | $25K | 1.75% |
| JANE STREET EXECUTION SERVICES LLC | $14K | 0.95% |
| MORGAN STANLEY & CO. LLC | $5K | 0.34% |
| CLEAR STREET LLC | $1K | 0.07% |
HIMZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $288.8M | 61.70% |
| BMO CAPITAL MARKETS CORP. | $39.6M | 8.47% |
| GOLDMAN SACHS & CO. LLC | $27.5M | 5.87% |
| JEFFERIES LLC | $25.2M | 5.37% |
| J.P. MORGAN SECURITIES LLC | $25.1M | 5.37% |
| NOMURA SECURITIES INTERNATIONAL INC. | $17.0M | 3.64% |
| PERSHING LLC | $13.1M | 2.80% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $12.0M | 2.57% |
| MORGAN STANLEY & CO. LLC | $11.0M | 2.35% |
| RBC CAPITAL MARKETS LLC | $8.7M | 1.86% |
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.