KOOL Fees and Costs — North Shore Equity Rotation ETF
Data updated: 2026-08-28
The net expense ratio is 0.93% (1.32% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $19K in broker commissions, 0.0378% of average net assets, and portfolio turnover was 119%.
KOOL Fees and Expenses
Annual operating expenses and sales charges of KOOL. Prospectus, as of August 5, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.54% |
| Gross expense ratio | 1.32% |
| Fee waiver | −0.39% |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
KOOL Costs Over Time
On $10,000 invested in KOOL, assuming 5% a year before costs, total costs come to $606 over 5 years, cutting the return by 1.02% 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 0.93%) | $98 | $305 | $529 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $333 | $606 |
| Value after costs | $10,398 | $11,243 | $12,157 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
KOOL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0378%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $19.3M
- Portfolio turnover (prospectus): 119%
- Securities lending: none during the year
KOOL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Clear Street LLC | $9K | 44.66% |
| Goldman Sachs & Co. LLC | $7K | 38.82% |
| GTS Securities, LLC | $3K | 16.52% |
KOOL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UMB Bank, n.a. | $16.4M | 84.71% |
| Merrill Lynch Professional Clearing Corp. | $2.7M | 14.21% |
| Virtu Americas LLC | $209K | 1.08% |
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.