HYLD Fees and Costs — High Yield ETF
Data updated: 2023-08-30
The net expense ratio is 1.16% (1.31% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $432 in broker commissions, 0.0005% of average net assets, and portfolio turnover was 42%.
HYLD Fees and Expenses
Annual operating expenses and sales charges of HYLD. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.16% |
| 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 | No |
HYLD Costs Over Time
On $10,000 invested in HYLD, assuming 5% a year before costs, total costs come to $724 over 5 years, cutting the return by 1.22% 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 1.16%) | $122 | $379 | $657 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $122 | $398 | $724 |
| Value after costs | $10,378 | $11,178 | $12,039 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
HYLD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0005%
- Total broker commissions: $432
- Bought from dealers (principal trades, not a cost): $67.1M
- Portfolio turnover (prospectus): 42%
- Securities lending: none during the year
HYLD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $432 | 100.00% |
HYLD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $26.2M | 44.18% |
| Goldman Sachs & Co. LLC | $10.5M | 17.78% |
| BOFA SECURITIES, INC. | $3.8M | 6.49% |
| J.P. Morgan Securities LLC | $3.8M | 6.36% |
| Jane Street Execution Services, LLC | $2.8M | 4.75% |
| BARCLAYS CAPITAL, INC. | $2.8M | 4.67% |
| MORGAN STANLEY & CO. LLC | $2.6M | 4.31% |
| MARKETAXESS CORPORATION | $2.4M | 4.03% |
| MILLENNIUM ADVISORS, LLC | $2.4M | 3.97% |
| CitiGroup Global Markets Inc. | $2.1M | 3.46% |
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.