IWLG Fees and Costs — NYLI Winslow Large Cap Growth ETF
Data updated: 2026-09-25
The net expense ratio is 0.50%: a 0.75% management fee plus 0.07% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $158K in broker commissions, 0.4193% of average net assets, and portfolio turnover was 139%.
IWLG Fees and Expenses
Annual operating expenses and sales charges of IWLG. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.32% |
| Net expense ratio | 0.50% |
| 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 |
IWLG Costs Over Time
On $10,000 invested in IWLG, assuming 5% a year before costs, total costs come to $576 over 5 years, cutting the return by 0.97% 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 0.50%) | $52 | $164 | $285 |
| Trading costs (broker commissions) | $44 | $137 | $239 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $316 | $576 |
| Value after costs | $10,403 | $11,260 | $12,187 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
IWLG 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): 0.4193%
- Total broker commissions: $158K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 139%
- Securities on loan, average value: $3.9M
- Net income from securities lending: $4K (0.012% of average net assets)
IWLG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $44K | 29.81% |
| BARCLAYS CAPITAL, INC. | $25K | 17.08% |
| BOFA SECURITIES, INC. | $15K | 9.97% |
| ALLEN & COMPANY LLC | $14K | 9.55% |
| J.P. Morgan Securities LLC | $14K | 9.18% |
| WELLS FARGO SECURITIES, LLC | $10K | 6.46% |
| UBS SECURITIES LLC | $8K | 5.49% |
| MORGAN STANLEY & CO. LLC | $7K | 4.45% |
| PIPER SANDLER & CO. | $6K | 4.06% |
| TD SECURITIES (USA) LLC | $6K | 3.96% |
IWLG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $436.7M | 37.18% |
| GOLDMAN SACHS & CO. LLC | $352.8M | 30.05% |
| CITADEL SECURITIES LLC | $125.3M | 10.67% |
| J.P. Morgan Securities LLC | $97.2M | 8.27% |
| JANE STREET EXECUTION SERVICES, LLC | $89.1M | 7.59% |
| VIRTU AMERICAS LLC | $50.0M | 4.25% |
| JEFFERIES LLC | $23.3M | 1.98% |
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.