KCAL Fees and Costs — Subversive Food Security ETF
Data updated: 2024-03-01
The net expense ratio is 0.77%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $2K in broker commissions, 0.3660% of average net assets, and portfolio turnover was 244%.
KCAL Fees and Expenses
Annual operating expenses and sales charges of KCAL. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.77% |
| Fee waiver | — |
| Net expense ratio | 0.77% |
| 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 |
KCAL Costs Over Time
On $10,000 invested in KCAL, assuming 5% a year before costs, total costs come to $709 over 5 years, cutting the return by 1.19% 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 0.77%) | $81 | $252 | $436 |
| Trading costs (broker commissions) | $38 | $120 | $207 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $390 | $709 |
| Value after costs | $10,381 | $11,186 | $12,054 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
KCAL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.3660%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 244%
- Securities lending: none during the year
KCAL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $1K | 66.82% |
| GOLDMAN SACHS & CO. LLC | $418 | 19.15% |
| BNP Paribas Securities Corp. | $140 | 6.42% |
| CITIGROUP GLOBAL MARKETS INC. | $62 | 2.83% |
| TELSEY ADVISORY GROUP LLC | $50 | 2.27% |
| ROBERT W. BAIRD & CO. INCORPORATED | $28 | 1.31% |
| BTIG LLC | $26 | 1.21% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.