LUXE Fees and Costs — Emles Luxury Goods ETF
Data updated: 2022-11-29
The net expense ratio is 0.60%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $7K in broker commissions, 0.1050% of average net assets, and portfolio turnover was 61%.
LUXE Fees and Expenses
Annual operating expenses and sales charges of LUXE. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
LUXE Costs Over Time
On $10,000 invested in LUXE, assuming 5% a year before costs, total costs come to $444 over 5 years, cutting the return by 0.74% 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 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $11 | $35 | $60 |
| Lost growth on money paid in costs | $0 | $11 | $41 |
| Total costs | $74 | $243 | $444 |
| Value after costs | $10,426 | $11,333 | $12,319 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
LUXE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1050%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $9.5M
- Portfolio turnover (prospectus): 61%
- Securities on loan, average value: $159K
- Net income from securities lending: $2K (0.021% of average net assets)
LUXE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS Securities, LLC | $7K | 88.77% |
| Mischler Financial Group, Inc. | $829 | 11.10% |
| StoneX Financial Inc. | $10 | 0.13% |
LUXE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $3.5M | 36.54% |
| J.P. Morgan Securities LLC | $2.4M | 25.09% |
| BofA Securities, Inc. | $2.2M | 22.94% |
| Virtu Americas LLC | $1.5M | 15.43% |
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.