IETFX Fees and Costs — Morningstar Income and Growth ETF Asset Allocation Portfolio, Class II
Data updated: 2026-08-24
The net expense ratio is 0.84% (0.88% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 12%.
IETFX Fees and Expenses
Annual operating expenses and sales charges of IETFX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.84% |
| 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 |
IETFX Costs Over Time
On $10,000 invested in IETFX, assuming 5% a year before costs, total costs come to $529 over 5 years, cutting the return by 0.88% 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 0.84%) | $88 | $276 | $479 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $290 | $529 |
| Value after costs | $10,412 | $11,286 | $12,234 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
IETFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0024%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
IETFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL LLC | $844 | 68.45% |
| JONESTRADING | $389 | 31.55% |
Morningstar Income and Growth ETF Asset Allocation Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000043421 | Class I | 0.59% | — |
| IETFX | Class II | 0.84% | — |
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.