MCSE Fees and Costs — Martin Currie Sustainable International Equity ETF
Data updated: 2026-02-27
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0126% of average net assets, and portfolio turnover was 18%.
MCSE Fees and Expenses
Annual operating expenses and sales charges of MCSE. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
MCSE Costs Over Time
On $10,000 invested in MCSE, assuming 5% a year before costs, total costs come to $380 over 5 years, cutting the return by 0.63% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $208 | $380 |
| Value after costs | $10,437 | $11,368 | $12,383 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
MCSE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0126%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $4.1M
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
MCSE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $777 | 20.81% |
| RBC Capital Markets, LLC | $547 | 14.64% |
| Jefferies LLC | $414 | 11.08% |
| BNP Paribas Securities Corp. | $382 | 10.22% |
| SG Americas Securities, LLC | $369 | 9.88% |
| BofA Securities, Inc. | $357 | 9.57% |
| J.P. Morgan Securities LLC | $328 | 8.79% |
| Nordea Bank AB | $212 | 5.68% |
| CLSA Americas, LLC | $196 | 5.25% |
| Nomura Securities International, Inc. | $153 | 4.08% |
MCSE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.8M | 68.03% |
| Mizuho Securities USA LLC | $1.3M | 31.97% |
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.