MSUS Fees and Costs — LHA Market State U.S. Tactical ETF
Data updated: 2020-05-28
The net expense ratio is 1.27%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $6K in broker commissions, 0.1016% of average net assets, and portfolio turnover was 3%.
MSUS Fees and Expenses
Annual operating expenses and sales charges of MSUS. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.97% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.27% |
| Fee waiver | — |
| Net expense ratio | 1.27% |
| 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 |
MSUS Costs Over Time
On $10,000 invested in MSUS, assuming 5% a year before costs, total costs come to $852 over 5 years, cutting the return by 1.44% 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 1.27%) | $133 | $414 | $716 |
| Trading costs (broker commissions) | $11 | $33 | $57 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $144 | $470 | $852 |
| Value after costs | $10,356 | $11,106 | $11,911 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
MSUS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1016%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 3%
- Securities lending: none during the year
MSUS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS LLC | $6K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.