OWNS Fees and Costs — CCM Affordable Housing MBS ETF
Data updated: 2026-09-04
The net expense ratio is 0.30%: a 0.30% management fee plus 0.38% other expenses, less a 0.38% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 31%.
OWNS Fees and Expenses
Annual operating expenses and sales charges of OWNS. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.38% |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
OWNS Costs Over Time
On $10,000 invested in OWNS, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
OWNS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $68.4M
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
OWNS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STONEX GROUP INC | $23.4M | 34.32% |
| WELLS FARGO | $12.5M | 18.38% |
| BNP PARIBAS | $9.3M | 13.67% |
| NOMURA | $9.2M | 13.57% |
| DAIWA SECURITIES AMERICA, INC. | $7.8M | 11.46% |
| BAML | $3.2M | 4.66% |
| CASTLEOAK SECURITIES | $968K | 1.42% |
| DAVIDSON D.A., & COMPANY INC. | $771K | 1.13% |
| BARCLAY BANK PLC | $613K | 0.90% |
| CANTOR FITZGERALD | $338K | 0.50% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.