IMOM Fees and Costs — Alpha Architect International Quantitative Momentum ETF
Data updated: 2026-08-26
The net expense ratio is 0.38%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $224K in broker commissions, 0.2831% of average net assets, and portfolio turnover was 411%.
IMOM Fees and Expenses
Annual operating expenses and sales charges of IMOM. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.38% |
| Fee waiver | — |
| Net expense ratio | 0.38% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
IMOM Costs Over Time
On $10,000 invested in IMOM, assuming 5% a year before costs, total costs come to $418 over 5 years, cutting the return by 0.70% 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 0.38%) | $40 | $125 | $217 |
| Trading costs (broker commissions) | $30 | $93 | $162 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $229 | $418 |
| Value after costs | $10,430 | $11,347 | $12,345 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
IMOM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.2831%
- Total broker commissions: $224K
- Bought from dealers (principal trades, not a cost): $14
- Portfolio turnover (prospectus): 411%
- Securities on loan, average value: $163K
- Net income from securities lending: $761 (0.001% of average net assets)
IMOM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $206K | 92.08% |
| SG AMERICAS SECURITIES LLC | $7K | 3.16% |
| COWEN AND COMPANY LLC | $5K | 2.39% |
| MISCHLER FINANCIAL GROUP, INC. | $5K | 2.36% |
| RBC CAPITAL MARKETS, LLC | $4 | 0.00% |
IMOM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $14 | 100.00% |
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.