OPTZ Fees and Costs — Optimize Strategy Index ETF
Data updated: 2026-08-31
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $207K in broker commissions, 0.1110% of average net assets, and portfolio turnover was 130%.
OPTZ Fees and Expenses
Annual operating expenses and sales charges of OPTZ. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| 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 |
OPTZ Costs Over Time
On $10,000 invested in OPTZ, assuming 5% a year before costs, total costs come to $229 over 5 years, cutting the return by 0.38% 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 0.25%) | $26 | $82 | $144 |
| Trading costs (broker commissions) | $12 | $37 | $64 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $125 | $229 |
| Value after costs | $10,462 | $11,451 | $12,534 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
OPTZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1110%
- Total broker commissions: $207K
- Bought from dealers (principal trades, not a cost): $32.8M
- Portfolio turnover (prospectus): 130%
- Securities on loan, average value: $19.5M
- Net income from securities lending: $98K (0.053% of average net assets)
OPTZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SOCIETE GENERALE | $109K | 52.43% |
| GOLDMAN SACHS & CO. LLC | $99K | 47.57% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.