JRNY Fees and Costs — ALPS Global Travel Beneficiaries ETF
Data updated: 2024-10-29
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0416% of average net assets, and portfolio turnover was 54%.
JRNY Fees and Expenses
Annual operating expenses and sales charges of JRNY. Prospectus, as of March 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 |
JRNY Costs Over Time
On $10,000 invested in JRNY, assuming 5% a year before costs, total costs come to $435 over 5 years, cutting the return by 0.73% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $239 | $435 |
| Value after costs | $10,427 | $11,338 | $12,328 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
JRNY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0416%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $3.4M
- Portfolio turnover (prospectus): 54%
- Securities on loan, average value: $51K
- Net income from securities lending: $202 (0.003% of average net assets)
JRNY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MIRAE ASSET SECURITIES (USA) INC. | $2K | 72.40% |
| COWEN PRIME SERVICES LLC | $628 | 22.72% |
| CREDIT SUISSE SECURITIES (USA) LLC | $125 | 4.52% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $8 | 0.29% |
| MIZUHO SECURITIES USA LLC | $2 | 0.07% |
JRNY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN DISTRIBUTION SERVICES, INC. | $1.7M | 50.18% |
| GOLDMAN SACHS & CO. LLC | $1.7M | 49.71% |
| MIRAE ASSET SECURITIES (USA) INC. | $3K | 0.10% |
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.