OPPX Fees and Costs — Corbett Road Tactical Opportunity ETF
Data updated: 2024-02-02
The net expense ratio is 0.78%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $2K in broker commissions, 0.0124% of average net assets, and portfolio turnover was 123%.
OPPX Fees and Expenses
Annual operating expenses and sales charges of OPPX. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.78% |
| Fee waiver | — |
| Net expense ratio | 0.78% |
| 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 |
OPPX Costs Over Time
On $10,000 invested in OPPX, assuming 5% a year before costs, total costs come to $498 over 5 years, cutting the return by 0.83% 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 0.78%) | $82 | $256 | $445 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $83 | $273 | $498 |
| Value after costs | $10,417 | $11,303 | $12,265 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
OPPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0124%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $21.9M
- Portfolio turnover (prospectus): 123%
- Securities lending: none during the year
OPPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $2K | 77.27% |
| MISCHLER FINANCIAL GROUP, INC. | $551 | 22.73% |
OPPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $14.3M | 65.47% |
| GOLDMAN SACHS & CO. LLC | $6.5M | 29.65% |
| VIRTU AMERICAS LLC | $1.1M | 4.88% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.