LGHT Fees and Costs — Langar Global HealthTech ETF
Data updated: 2026-08-28
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $752 in broker commissions, 0.0211% of average net assets, and portfolio turnover was 52%.
LGHT Fees and Expenses
Annual operating expenses and sales charges of LGHT. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| 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 |
LGHT Costs Over Time
On $10,000 invested in LGHT, assuming 5% a year before costs, total costs come to $546 over 5 years, cutting the return by 0.91% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $300 | $546 |
| Value after costs | $10,409 | $11,276 | $12,217 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
LGHT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0211%
- Total broker commissions: $752
- Bought from dealers (principal trades, not a cost): $2.2M
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
LGHT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $329 | 43.72% |
| Clear Street LLC | $214 | 28.40% |
| GTS Securities, LLC | $210 | 27.88% |
LGHT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UMB Bank, n.a. | $1.9M | 86.84% |
| Merrill Lynch Professional Clearing Corp. | $295K | 13.16% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.