LEXI Fees and Costs — Alexis Practical Tactical ETF
Data updated: 2026-09-24
The net expense ratio is 1.02%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $32K in broker commissions, 0.0222% of average net assets, and portfolio turnover was 15%.
LEXI Fees and Expenses
Annual operating expenses and sales charges of LEXI. Prospectus, as of September 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.02% |
| Fee waiver | — |
| Net expense ratio | 1.02% |
| 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 |
LEXI Costs Over Time
On $10,000 invested in LEXI, assuming 5% a year before costs, total costs come to $651 over 5 years, cutting the return by 1.09% 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 1.02%) | $107 | $334 | $579 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $109 | $358 | $651 |
| Value after costs | $10,391 | $11,218 | $12,111 |
| Impact on return, per year | 1.09% | 1.09% | 1.09% |
LEXI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0222%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $369K
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
LEXI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| KNIGHT DIRECT LLC | $20K | 62.75% |
| MISCHLER FINANCIAL GROUP INC. | $7K | 23.05% |
| ROTH CAPITAL PARTNERS LLC | $3K | 7.86% |
| INTERACTIVE BROKERS LLC | $2K | 6.35% |
LEXI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS LLC | $369K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.