ILS Fees and Costs — Brookmont Catastrophic Bond ETF
Data updated: 2026-08-25
The net expense ratio is 1.58%: a 1.20% management fee plus 1.45% other expenses, less a 1.07% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 0%.
ILS Fees and Expenses
Annual operating expenses and sales charges of ILS. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.45% |
| Gross expense ratio | 2.65% |
| Fee waiver | −1.07% |
| Net expense ratio | 1.58% |
| 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 |
ILS Costs Over Time
On $10,000 invested in ILS, assuming 5% a year before costs, total costs come to $977 over 5 years, cutting the return by 1.66% 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 1.58%) | $166 | $515 | $887 |
| Lost growth on money paid in costs | $0 | $26 | $90 |
| Total costs | $166 | $540 | $977 |
| Value after costs | $10,334 | $11,036 | $11,786 |
| Impact on return, per year | 1.66% | 1.66% | 1.66% |
ILS 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $46.9M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
ILS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $31.4M | 66.90% |
| Beech Hill Securities, Inc. | $11.3M | 24.20% |
| Guy Carpenter & Company, LLC | $1.0M | 2.13% |
| UBS Securities LLC | $1.0M | 2.13% |
| TP ICAP Global Markets Americas LLC | $790K | 1.68% |
| Gallagher Securities Inc. | $630K | 1.34% |
| AON Securities LLC | $500K | 1.07% |
| Citigroup Global Markets Inc. | $250K | 0.53% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.