JFWD Fees and Costs — Jacob Forward ETF
Data updated: 2025-01-15
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $11K in broker commissions, 0.4095% of average net assets, and portfolio turnover was 63%.
JFWD Fees and Expenses
Annual operating expenses and sales charges of JFWD. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
JFWD Costs Over Time
On $10,000 invested in JFWD, assuming 5% a year before costs, total costs come to $723 over 5 years, cutting the return by 1.22% 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 0.75%) | $79 | $245 | $425 |
| Trading costs (broker commissions) | $43 | $134 | $232 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $122 | $398 | $723 |
| Value after costs | $10,378 | $11,178 | $12,040 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
JFWD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.4095%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 63%
- Securities on loan, average value: $165K
- Net income from securities lending: $851 (0.031% of average net assets)
JFWD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $10K | 85.65% |
| CANTOR FITZGERALD & CO. | $389 | 3.47% |
| B. Riley Securities, Inc. | $341 | 3.04% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $322 | 2.87% |
| LAKE STREET CAPITAL MARKETS, LLC. | $212 | 1.89% |
| Puma Capital, LLC | $143 | 1.27% |
| RBC CAPITAL MARKETS, LLC | $97 | 0.86% |
| The Benchmark Company, LLC. | $74 | 0.66% |
| NEEDHAM & COMPANY, LLC | $30 | 0.27% |
| ISI Financial Group, Inc. | $3 | 0.03% |
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.