INC Fees and Costs — VanEck Dynamic High Income ETF
Data updated: 2024-09-17
The net expense ratio is 0.41%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $206 in broker commissions, 0.0277% of average net assets, and portfolio turnover was 52%.
INC Fees and Expenses
Annual operating expenses and sales charges of INC. Prospectus, as of August 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.41% |
| Fee waiver | — |
| Net expense ratio | 0.41% |
| 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 |
INC Costs Over Time
On $10,000 invested in INC, assuming 5% a year before costs, total costs come to $277 over 5 years, cutting the return by 0.46% 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 0.41%) | $43 | $135 | $236 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $151 | $277 |
| Value after costs | $10,454 | $11,425 | $12,486 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
INC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0277%
- Total broker commissions: $206
- Bought from dealers (principal trades, not a cost): $427K
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
INC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $95 | 46.10% |
| Sanford C. Bernstein & Co., LLC | $70 | 34.02% |
| Goldman Sachs & Co. LLC | $41 | 19.87% |
INC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $219K | 51.25% |
| Morgan Stanley & Co. LLC | $117K | 27.30% |
| BNY Mellon Capital Markets, LLC | $92K | 21.45% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.