NFTZ Fees and Costs — Defiance Digital Revolution ETF
Data updated: 2023-03-16
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $24K in broker commissions, 0.3006% of average net assets, and portfolio turnover was 17%.
NFTZ Fees and Expenses
Annual operating expenses and sales charges of NFTZ. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 |
NFTZ Costs Over Time
On $10,000 invested in NFTZ, assuming 5% a year before costs, total costs come to $595 over 5 years, cutting the return by 1.00% 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 0.65%) | $68 | $213 | $370 |
| Trading costs (broker commissions) | $32 | $99 | $171 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $327 | $595 |
| Value after costs | $10,400 | $11,249 | $12,168 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
NFTZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.3006%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
NFTZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $18K | 74.39% |
| CREDIT SUISSE SECURITIES (USA) LLC | $6K | 25.58% |
| CDS CLEARING AND DEPOSITARY SERVICES INC. | $5 | 0.02% |
| MIRAE ASSET SECURITIES (USA) INC. | $2 | 0.01% |
| GOLDMAN SACHS & CO. LLC | $2 | 0.01% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.