LRND Fees and Costs — NYLI U.S. Large Cap R&D Leaders ETF
Data updated: 2026-09-25
The net expense ratio is 0.14%: a 0.14% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $8K in broker commissions, 0.0119% of average net assets, and portfolio turnover was 46%.
LRND Fees and Expenses
Annual operating expenses and sales charges of LRND. Prospectus, as of August 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.14% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.15% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.14% |
| 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 | No |
LRND Costs Over Time
On $10,000 invested in LRND, assuming 5% a year before costs, total costs come to $97 over 5 years, cutting the return by 0.16% 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 0.14%) | $15 | $46 | $81 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $53 | $97 |
| Value after costs | $10,484 | $11,524 | $12,666 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
LRND Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0119%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $381.0M
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $915K
- Net income from securities lending: $4K (0.006% of average net assets)
LRND Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $7K | 81.17% |
| MISCHLER FINANCIAL GROUP, INC. | $1K | 15.08% |
| INSTINET LLC | $318 | 3.75% |
LRND Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $194.3M | 50.99% |
| JANE STREET EXECUTION SERVICES, LLC | $100.9M | 26.49% |
| CITADEL SECURITIES LLC | $77.1M | 20.22% |
| GOLDMAN SACHS & CO. LLC | $8.5M | 2.24% |
| CONFLUENT INC-CLASS A | $99K | 0.03% |
| DAYFORCE INC | $98K | 0.03% |
| JUNIPER NETWORKS, INC. | $19K | 0.01% |
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.