IMPLX Fees and Costs — ERShares US Large Cap, Institutional Class
Data updated: 2023-02-27
The net expense ratio is 0.76%: a 0.65% management fee plus 0.13% other expenses, less a 0.03% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2022 the fund paid $32K in broker commissions, 0.0314% of average net assets, and portfolio turnover was 187%.
IMPLX Fees and Expenses
Annual operating expenses and sales charges of IMPLX. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
IMPLX Costs Over Time
On $10,000 invested in IMPLX, assuming 5% a year before costs, total costs come to $497 over 5 years, cutting the return by 0.83% 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 0.76%) | $80 | $250 | $434 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $273 | $497 |
| Value after costs | $10,417 | $11,304 | $12,266 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
IMPLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0314%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 187%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $9K (0.009% of average net assets)
IMPLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.