OAIE Fees and Costs — Optimize AI Smart Sentiment Event-Driven ETF
Data updated: 2024-02-28
The net expense ratio is 1.03%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $4K in broker commissions, 0.8021% of average net assets, and portfolio turnover was 1617%.
OAIE Fees and Expenses
Annual operating expenses and sales charges of OAIE. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.03% |
| Fee waiver | — |
| Net expense ratio | 1.03% |
| 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 |
OAIE Costs Over Time
On $10,000 invested in OAIE, assuming 5% a year before costs, total costs come to $1,127 over 5 years, cutting the return by 1.92% 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 1.03%) | $108 | $335 | $575 |
| Trading costs (broker commissions) | $84 | $261 | $448 |
| Lost growth on money paid in costs | $0 | $30 | $104 |
| Total costs | $192 | $625 | $1,127 |
| Value after costs | $10,308 | $10,952 | $11,636 |
| Impact on return, per year | 1.92% | 1.92% | 1.92% |
OAIE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.8021%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1617%
- Securities lending: none during the year
OAIE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group Inc. - Equities | $4K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.