LETB Fees and Costs — AdvisorShares Let Bob AI Powered Momentum ETF
Data updated: 2023-11-21
The net expense ratio is 1.07% (1.56% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $15K in broker commissions, 0.0578% of average net assets, and portfolio turnover was 497%.
LETB Fees and Expenses
Annual operating expenses and sales charges of LETB. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.78% |
| Gross expense ratio | 1.56% |
| Fee waiver | −0.49% |
| Net expense ratio | 1.07% |
| 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 |
LETB Costs Over Time
On $10,000 invested in LETB, assuming 5% a year before costs, total costs come to $704 over 5 years, cutting the return by 1.18% 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 | $350 | $606 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $118 | $387 | $704 |
| Value after costs | $10,382 | $11,189 | $12,059 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
LETB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0578%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $368K
- Portfolio turnover (prospectus): 497%
- Securities on loan, average value: $17K
- Net income from securities lending: $26 (0.000% of average net assets)
LETB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $15K | 100.00% |
LETB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Lumentum Holdings Inc. | $346K | 93.82% |
| CITADEL SECURITIES LLC | $19K | 5.27% |
| VIRTU AMERICAS LLC | $3K | 0.91% |
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.