MSOX Fees and Costs — AdvisorShares MSOS Daily Leveraged ETF
Data updated: 2026-09-10
The net expense ratio is 0.97%: a 0.85% management fee plus 0.56% other expenses, less a 0.45% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3 in broker commissions, and portfolio turnover was 0%.
MSOX Fees and Expenses
Annual operating expenses and sales charges of MSOX. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.56% |
| Gross expense ratio | 1.42% |
| Fee waiver | −0.45% |
| Net expense ratio | 0.97% |
| 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 |
MSOX Costs Over Time
On $10,000 invested in MSOX, assuming 5% a year before costs, total costs come to $607 over 5 years, cutting the return by 1.02% 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 0.97%) | $102 | $318 | $551 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $334 | $607 |
| Value after costs | $10,398 | $11,243 | $12,156 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
MSOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $3
- Bought from dealers (principal trades, not a cost): $1.1M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
MSOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $3 | 100.00% |
MSOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MAREX CAPITAL MARKETS INC. | $437K | 40.64% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $436K | 40.58% |
| CLEAR STREET LLC | $202K | 18.78% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.