LFEQ Fees and Costs — VanEck Long/Flat Trend ETF
Data updated: 2026-08-26
The net expense ratio is 0.58% (0.83% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $16K in broker commissions, 0.0626% of average net assets, and portfolio turnover was 91%.
LFEQ Fees and Expenses
Annual operating expenses and sales charges of LFEQ. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.30% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.58% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
LFEQ Costs Over Time
On $10,000 invested in LFEQ, assuming 5% a year before costs, total costs come to $405 over 5 years, cutting the return by 0.67% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $222 | $405 |
| Value after costs | $10,433 | $11,355 | $12,358 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
LFEQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0626%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $94.7M
- Portfolio turnover (prospectus): 91%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $2K (0.008% of average net assets)
LFEQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $16K | 99.98% |
| SG Americas Securities, LLC | $3 | 0.02% |
LFEQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $49.2M | 51.91% |
| Federal Reserve Bank of Boston | $45.5M | 48.09% |
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.