MNTL Fees and Costs — Tema Neuroscience and Mental Health ETF
Data updated: 2025-07-24
The net expense ratio is 0.75% (0.99% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0188% of average net assets, and portfolio turnover was 29%.
MNTL Fees and Expenses
Annual operating expenses and sales charges of MNTL. Prospectus, as of June 26, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.75% |
| 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 | Yes |
MNTL Costs Over Time
On $10,000 invested in MNTL, assuming 5% a year before costs, total costs come to $483 over 5 years, cutting the return by 0.81% 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 | $246 | $428 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $81 | $265 | $483 |
| Value after costs | $10,419 | $11,311 | $12,280 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
MNTL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0188%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
MNTL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BERENBERG CAPITAL MARKETS LLC | $1K | 50.59% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $792 | 37.14% |
| MIRAE ASSET SECURITIES (USA) INC. | $146 | 6.84% |
| CIBC WORLD MARKETS CORP. | $55 | 2.58% |
| EVERCORE GROUP L.L.C. | $44 | 2.06% |
| ISI FINANCIAL GROUP INC | $17 | 0.78% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.