HVAC Fees and Costs — AdvisorShares HVAC and Industrials ETF
Data updated: 2026-09-10
The net expense ratio is 1.00%: a 0.60% management fee plus 35.00% other expenses, less a 34.61% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $7K in broker commissions, 0.1168% of average net assets, and portfolio turnover was 62%.
HVAC Fees and Expenses
Annual operating expenses and sales charges of HVAC. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 35.00% |
| Gross expense ratio | 35.61% |
| Fee waiver | −34.61% |
| Net expense ratio | 1.00% |
| 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 |
HVAC Costs Over Time
On $10,000 invested in HVAC, assuming 5% a year before costs, total costs come to $697 over 5 years, cutting the return by 1.17% 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 1.00%) | $105 | $327 | $567 |
| Trading costs (broker commissions) | $12 | $38 | $66 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $384 | $697 |
| Value after costs | $10,383 | $11,193 | $12,066 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
HVAC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1168%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $20.5M
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
HVAC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $7K | 100.00% |
HVAC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $16.5M | 80.23% |
| Jane Street Execution Services, LLC | $3.9M | 18.81% |
| CITADEL SECURITIES LLC | $197K | 0.96% |
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.