LEAD Fees and Costs — Siren DIVCON Leaders Dividend ETF
Data updated: 2026-08-27
The net expense ratio is 0.43%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0044% of average net assets, and portfolio turnover was 26%.
LEAD Fees and Expenses
Annual operating expenses and sales charges of LEAD. Prospectus, as of June 12, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.43% |
| Fee waiver | — |
| Net expense ratio | 0.43% |
| 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 |
LEAD Costs Over Time
On $10,000 invested in LEAD, assuming 5% a year before costs, total costs come to $275 over 5 years, cutting the return by 0.46% 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 0.43%) | $45 | $142 | $247 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $150 | $275 |
| Value after costs | $10,454 | $11,426 | $12,488 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
LEAD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0044%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
LEAD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Macro Risk Advisors LLC | $54 | 53.33% |
| Paulson Investment Company LLC | $47 | 46.67% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.