LDRS Fees and Costs — Innovator IBD(R) ETF Leaders ETF
Data updated: 2022-01-14
The net expense ratio is 1.07%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $58K in broker commissions, 0.5419% of average net assets, and portfolio turnover was 1079%.
LDRS Fees and Expenses
Annual operating expenses and sales charges of LDRS. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.07% |
| Fee waiver | — |
| Net expense ratio | 1.07% |
| 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 |
LDRS Costs Over Time
On $10,000 invested in LDRS, assuming 5% a year before costs, total costs come to $996 over 5 years, cutting the return by 1.69% 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 1.07%) | $112 | $348 | $600 |
| Trading costs (broker commissions) | $57 | $176 | $304 |
| Lost growth on money paid in costs | $0 | $26 | $92 |
| Total costs | $169 | $551 | $996 |
| Value after costs | $10,331 | $11,025 | $11,767 |
| Impact on return, per year | 1.69% | 1.69% | 1.69% |
LDRS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.5419%
- Total broker commissions: $58K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1079%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $27K (0.256% of average net assets)
LDRS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $48K | 82.44% |
| VIRTU AMERICAS LLC | $10K | 17.56% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.