JSTC Fees and Costs — Adasina Social Justice All Cap Global ETF
Data updated: 2026-07-29
The net expense ratio is 0.89%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $136K in broker commissions, 0.0617% of average net assets, and portfolio turnover was 81%.
JSTC Fees and Expenses
Annual operating expenses and sales charges of JSTC. Prospectus, as of December 15, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.89% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.89% |
| Fee waiver | — |
| Net expense ratio | 0.89% |
| 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 |
JSTC Costs Over Time
On $10,000 invested in JSTC, assuming 5% a year before costs, total costs come to $596 over 5 years, cutting the return by 1.00% 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 0.89%) | $93 | $292 | $506 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $327 | $596 |
| Value after costs | $10,400 | $11,249 | $12,167 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
JSTC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0617%
- Total broker commissions: $136K
- Bought from dealers (principal trades, not a cost): $193K
- Portfolio turnover (prospectus): 81%
- Securities on loan, average value: $12.6M
- Net income from securities lending: $20K (0.009% of average net assets)
JSTC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $101K | 73.97% |
| BTIG LLC | $20K | 14.36% |
| OSAIC FINANCIAL SERVICES, INC. | $4K | 3.02% |
| SCOTIA CAPITAL (USA) INC. | $4K | 2.69% |
| PERSHING LLC | $2K | 1.58% |
| CLSA AMERICAS LLC | $2K | 1.39% |
| MIRAE ASSET SECURITIES (USA) INC. | $2K | 1.28% |
| CITIGROUP GLOBAL MARKETS INC. | $1K | 0.84% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $715 | 0.53% |
| ROBERT W. BAIRD & CO. INCORPORATED | $472 | 0.35% |
JSTC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $193K | 100.00% |
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.