NSPY Fees and Costs — NightShares 500 ETF
Data updated: 2023-08-03
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $557 in broker commissions, 0.0139% of average net assets.
NSPY Fees and Expenses
Annual operating expenses and sales charges of NSPY. Prospectus, as of May 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| 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 |
NSPY Costs Over Time
On $10,000 invested in NSPY, assuming 5% a year before costs, total costs come to $356 over 5 years, cutting the return by 0.59% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $195 | $356 |
| Value after costs | $10,441 | $11,382 | $12,407 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
NSPY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0139%
- Total broker commissions: $557
- Bought from dealers (principal trades, not a cost): $6.9M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
NSPY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $557 | 100.00% |
NSPY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $5.0M | 73.41% |
| BMO CAPITAL MARKETS CORP. | $1.3M | 19.45% |
| MISCHLER FINANCIAL GROUP, INC. | $490K | 7.14% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.