PCCE Fees and Costs — Polen Capital China Growth ETF
Data updated: 2026-08-26
The net expense ratio is 1.00%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $712 in broker commissions, 0.0451% of average net assets, and portfolio turnover was 35%.
PCCE Fees and Expenses
Annual operating expenses and sales charges of PCCE. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| 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 |
PCCE Costs Over Time
On $10,000 invested in PCCE, assuming 5% a year before costs, total costs come to $653 over 5 years, cutting the return by 1.10% 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 1.00%) | $105 | $327 | $568 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $359 | $653 |
| Value after costs | $10,390 | $11,217 | $12,110 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
PCCE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0451%
- Total broker commissions: $712
- Bought from dealers (principal trades, not a cost): $3.2M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
PCCE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $408 | 57.38% |
| CLSA Americas, LLC | $170 | 23.85% |
| BofA Securities, Inc. | $60 | 8.45% |
| Morgan Stanley & Co. LLC | $38 | 5.34% |
| J.P. Morgan Securities LLC | $35 | 4.98% |
PCCE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $3.2M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.