MAMB Fees and Costs — Monarch Ambassador Income Index ETF
Data updated: 2026-07-27
The net expense ratio is 1.15%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $19K in broker commissions, 0.0140% of average net assets, and portfolio turnover was 46%.
MAMB Fees and Expenses
Annual operating expenses and sales charges of MAMB. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.15% |
| Fee waiver | — |
| Net expense ratio | 1.15% |
| 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 |
MAMB Costs Over Time
On $10,000 invested in MAMB, assuming 5% a year before costs, total costs come to $726 over 5 years, cutting the return by 1.22% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $400 | $726 |
| Value after costs | $10,378 | $11,177 | $12,037 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
MAMB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0140%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $131.6M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
MAMB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $19K | 100.00% |
MAMB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $114.8M | 87.22% |
| Virtu Americas LLC | $16.8M | 12.78% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.