ORO Fees and Costs — Arrow Valtoro ETF
Data updated: 2026-10-13
The net expense ratio is 1.25%: a 1.40% management fee plus 0.25% other expenses, less a 0.40% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0635% of average net assets.
ORO Fees and Expenses
Annual operating expenses and sales charges of ORO. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.65% |
| Fee waiver | −0.40% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
ORO Costs Over Time
On $10,000 invested in ORO, assuming 5% a year before costs, total costs come to $816 over 5 years, cutting the return by 1.38% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $138 | $450 | $816 |
| Value after costs | $10,362 | $11,126 | $11,946 |
| Impact on return, per year | 1.38% | 1.38% | 1.38% |
ORO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0635%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $782K
- Portfolio turnover (prospectus): —
ORO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $2K | 79.40% |
| Barclays Capital Inc. | $425 | 20.60% |
ORO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. Bancorp Investments, Inc. | $782K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.