IWFG Fees and Costs — NYLI Winslow Focused Large Cap Growth ETF
Data updated: 2026-09-25
The net expense ratio is 0.46%: a 0.75% management fee plus 0.19% other expenses, less a 0.48% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $6K in broker commissions, 0.0016% of average net assets, and portfolio turnover was 54%.
IWFG Fees and Expenses
Annual operating expenses and sales charges of IWFG. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.48% |
| Net expense ratio | 0.46% |
| 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 |
IWFG Costs Over Time
On $10,000 invested in IWFG, assuming 5% a year before costs, total costs come to $292 over 5 years, cutting the return by 0.48% 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 0.46%) | $48 | $152 | $264 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $48 | $160 | $292 |
| Value after costs | $10,452 | $11,417 | $12,471 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
IWFG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0016%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $51.9M
- Portfolio turnover (prospectus): 54%
- Securities on loan, average value: $99K
- Net income from securities lending: $107 (0.000% of average net assets)
IWFG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $2K | 27.33% |
| JEFFERIES LLC | $2K | 25.19% |
| UBS SECURITIES LLC | $1K | 17.43% |
| SANFORD C. BERNSTEIN & CO., LLC | $549 | 8.54% |
| BARCLAYS CAPITAL, INC. | $423 | 6.58% |
| WILLIAM BLAIR | $296 | 4.61% |
| PIPER SANDLER & CO. | $195 | 3.03% |
| ALLEN & COMPANY LLC | $182 | 2.83% |
| WELLS FARGO SECURITIES, LLC | $173 | 2.69% |
| J.P. Morgan Securities LLC | $113 | 1.76% |
IWFG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $39.0M | 75.15% |
| VIRTU AMERICAS LLC | $10.5M | 20.15% |
| JEFFERIES LLC | $2.4M | 4.69% |
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.