MJ Fees and Costs — ETFMG Alternative Harvest ETF
Data updated: 2024-02-28
The net expense ratio is 0.75% (0.94% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1.8M in broker commissions, 0.6569% of average net assets, and portfolio turnover was 74%.
MJ Fees and Expenses
Annual operating expenses and sales charges of MJ. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.75% |
| 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 |
MJ Costs Over Time
On $10,000 invested in MJ, assuming 5% a year before costs, total costs come to $873 over 5 years, cutting the return by 1.48% 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 0.75%) | $79 | $245 | $422 |
| Trading costs (broker commissions) | $69 | $214 | $370 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $148 | $482 | $873 |
| Value after costs | $10,352 | $11,094 | $11,890 |
| Impact on return, per year | 1.48% | 1.48% | 1.48% |
MJ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.6569%
- Total broker commissions: $1.8M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 74%
- Securities on loan, average value: $91.3M
- Net income from securities lending: $5.9M (2.104% of average net assets)
MJ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Baypoint Trading LLC/Bass Trading, Bass Trading, BTIG LLC | $1.8M | 98.97% |
| MIRAE ASSET SECURITIES (USA) INC. | $19K | 1.02% |
| CREDIT SUISSE | $12 | 0.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.