JOYY Fees and Costs — Infusive(r) Compounding Global Equities ETF
Data updated: 2022-05-20
The net expense ratio is 0.51%: a 0.50% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $20K in broker commissions, 0.0561% of average net assets, and portfolio turnover was 61%.
JOYY Fees and Expenses
Annual operating expenses and sales charges of JOYY. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.51% |
| Fee waiver | — |
| Net expense ratio | 0.51% |
| 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 |
JOYY Costs Over Time
On $10,000 invested in JOYY, assuming 5% a year before costs, total costs come to $357 over 5 years, cutting the return by 0.59% 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 0.51%) | $54 | $168 | $292 |
| Trading costs (broker commissions) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $59 | $195 | $357 |
| Value after costs | $10,441 | $11,381 | $12,406 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
JOYY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0561%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $16.1M
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
JOYY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $12K | 60.51% |
| Pershing LLC | $7K | 33.01% |
| VIRTU AMERICAS LLC | $1K | 6.45% |
| GOLDMAN SACHS & CO. LLC | $4 | 0.02% |
JOYY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $4.6M | 28.94% |
| BOFA SECURITIES, INC. | $4.6M | 28.81% |
| UBS SECURITIES LLC | $3.4M | 20.92% |
| J.P. Morgan Securities LLC | $3.2M | 19.94% |
| GOLDMAN SACHS & CO. LLC | $123K | 0.76% |
| DUNKIN' BRANDS GROUP, INC. | $101K | 0.63% |
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.