OSCX Fees and Costs — Defiance Daily Target 2x Long OSCR ETF
Data updated: 2026-09-28
The net expense ratio is 1.32%: a 1.29% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $21K in broker commissions, 0.3097% of average net assets, and portfolio turnover was 6599%.
OSCX Fees and Expenses
Annual operating expenses and sales charges of OSCX. Prospectus, as of August 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 1.32% |
| Fee waiver | — |
| Net expense ratio | 1.32% |
| 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 |
OSCX Costs Over Time
On $10,000 invested in OSCX, assuming 5% a year before costs, total costs come to $1,007 over 5 years, cutting the return by 1.71% 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 1.32%) | $139 | $430 | $740 |
| Trading costs (broker commissions) | $33 | $101 | $174 |
| Lost growth on money paid in costs | $0 | $26 | $93 |
| Total costs | $171 | $557 | $1,007 |
| Value after costs | $10,329 | $11,019 | $11,756 |
| Impact on return, per year | 1.71% | 1.71% | 1.71% |
OSCX 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): 0.3097%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $3.8M
- Portfolio turnover (prospectus): 6599%
- Securities lending: none during the year
OSCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL INC. | $11K | 51.09% |
| MAREX CAPITAL MARKETS INC. | $6K | 28.51% |
| CANTOR FITZGERALD & CO. | $3K | 13.30% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $977 | 4.61% |
| JANE STREET EXECUTION SERVICES LLC | $530 | 2.50% |
OSCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $890K | 23.39% |
| WELLS FARGO SECURITIES LLC | $668K | 17.55% |
| RBC CAPITAL MARKETS LLC | $658K | 17.30% |
| JEFFERIES LLC | $508K | 13.36% |
| BMO CAPITAL MARKETS CORP. | $497K | 13.05% |
| GOLDMAN SACHS & CO. LLC | $422K | 11.08% |
| NOMURA SECURITIES INTERNATIONAL INC. | $138K | 3.62% |
| PERSHING LLC | $25K | 0.66% |
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.