OKLL Fees and Costs — Defiance Daily Target 2x Long OKLO ETF
Data updated: 2026-09-28
The net expense ratio is 1.45%: a 1.29% management fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.4M in broker commissions, 1.0950% of average net assets.
OKLL Fees and Expenses
Annual operating expenses and sales charges of OKLL. Prospectus, as of August 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.45% |
| Fee waiver | — |
| Net expense ratio | 1.45% |
| 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 |
OKLL Costs Over Time
On $10,000 invested in OKLL, assuming 5% a year before costs, total costs come to $1,543 over 5 years, cutting the return by 2.67% 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 1.45%) | $152 | $467 | $798 |
| Trading costs (broker commissions) | $115 | $353 | $602 |
| Lost growth on money paid in costs | $0 | $41 | $144 |
| Total costs | $267 | $862 | $1,543 |
| Value after costs | $10,233 | $10,715 | $11,219 |
| Impact on return, per year | 2.67% | 2.67% | 2.67% |
OKLL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 1.0950%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): $91.4M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
OKLL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $461K | 32.81% |
| GOLDMAN SACHS & CO. LLC | $381K | 27.15% |
| CANTOR FITZGERALD & CO. | $171K | 12.15% |
| NOMURA SECURITIES INTERNATIONAL INC. | $166K | 11.81% |
| MAREX CAPITAL MARKETS INC. | $125K | 8.93% |
| BMO CAPITAL MARKETS CORP. | $52K | 3.68% |
| NATIONAL BANK OF CANADA FINANCIAL INC. | $30K | 2.13% |
| JANE STREET EXECUTION SERVICES LLC | $17K | 1.23% |
| CLEAR STREET LLC | $1K | 0.10% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $5 | 0.00% |
OKLL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $701.5M | 77.67% |
| GOLDMAN SACHS & CO. LLC | $43.0M | 4.76% |
| BMO CAPITAL MARKETS CORP. | $27.0M | 2.99% |
| RBC CAPITAL MARKETS LLC | $26.5M | 2.93% |
| WELLS FARGO SECURITIES LLC | $25.4M | 2.81% |
| JEFFERIES LLC | $25.3M | 2.80% |
| J.P. MORGAN SECURITIES LLC | $18.4M | 2.04% |
| NOMURA SECURITIES INTERNATIONAL INC. | $17.1M | 1.89% |
| MORGAN STANLEY & CO. LLC | $10.0M | 1.11% |
| PERSHING LLC | $9.1M | 1.00% |
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.