HYLV Fees and Costs — IQ S&P High Yield Low Volatility Bond ETF
Data updated: 2023-03-28
The net expense ratio is 0.40%: a 0.40% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 99%.
HYLV Fees and Expenses
Annual operating expenses and sales charges of HYLV. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.41% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.40% |
| 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 |
HYLV Costs Over Time
On $10,000 invested in HYLV, assuming 5% a year before costs, total costs come to $253 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
HYLV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $165.3M
- Portfolio turnover (prospectus): 99%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $2K (0.004% of average net assets)
HYLV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $71.2M | 46.15% |
| Jane Street Execution Services, LLC | $16.9M | 10.99% |
| J.P. Morgan Securities LLC | $16.7M | 10.85% |
| GOLDMAN SACHS & CO. LLC | $15.5M | 10.06% |
| MORGAN STANLEY & CO. LLC | $9.6M | 6.24% |
| MARKETAXESS CORPORATION | $5.8M | 3.77% |
| JEFFERIES LLC | $5.7M | 3.72% |
| BARCLAYS CAPITAL, INC. | $5.6M | 3.66% |
| CitiGroup Global Markets Inc. | $3.6M | 2.31% |
| BNP PARIBAS SECURITIES CORP. | $3.5M | 2.24% |
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.