KDFI Fees and Costs — KFA Dynamic Fixed Income ETF
Data updated: 2021-11-26
The net expense ratio is 0.48%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $742 in broker commissions, 0.0015% of average net assets, and portfolio turnover was 147%.
KDFI Fees and Expenses
Annual operating expenses and sales charges of KDFI. Prospectus, as of July 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.48% |
| Fee waiver | — |
| Net expense ratio | 0.48% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
KDFI Costs Over Time
On $10,000 invested in KDFI, assuming 5% a year before costs, total costs come to $304 over 5 years, cutting the return by 0.51% 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 0.48%) | $50 | $158 | $276 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $166 | $304 |
| Value after costs | $10,449 | $11,410 | $12,458 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
KDFI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0015%
- Total broker commissions: $742
- Bought from dealers (principal trades, not a cost): $412.5M
- Portfolio turnover (prospectus): 147%
- Securities lending: none during the year
KDFI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL | $742 | 100.00% |
KDFI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| FALCON RESEARCH, INC. | $206.1M | 49.97% |
| FALCON SQUARE | $195.6M | 47.42% |
| TRADEWEB DIRECT / JOHN PROVOST | $10.5M | 2.55% |
| WEB STREET SECURITIES | $242K | 0.06% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.