PCGG Fees and Costs — Polen Capital Global Growth ETF
Data updated: 2026-08-26
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $36K in broker commissions, 0.0203% of average net assets, and portfolio turnover was 57%.
PCGG Fees and Expenses
Annual operating expenses and sales charges of PCGG. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| 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 |
PCGG Costs Over Time
On $10,000 invested in PCGG, assuming 5% a year before costs, total costs come to $546 over 5 years, cutting the return by 0.91% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $300 | $546 |
| Value after costs | $10,409 | $11,277 | $12,217 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
PCGG 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): 0.0203%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $0
- Net income from securities lending: $294 (0.000% of average net assets)
PCGG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $7K | 20.38% |
| Jefferies LLC | $6K | 16.85% |
| CLSA Americas, LLC | $4K | 11.68% |
| Goldman Sachs & Co. LLC | $3K | 10.48% |
| Virtu Americas LLC | $3K | 10.34% |
| UBS Securities LLC | $3K | 8.88% |
| Berenberg Capital Markets LLC | $2K | 6.80% |
| BNP Paribas Securities Corp. | $2K | 6.22% |
| BTIG, LLC | $1K | 4.30% |
| State Street Bank and Trust Company | $1K | 4.07% |
PCGG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.3B | 93.31% |
| J.P. Morgan Securities LLC | $47.0M | 3.42% |
| Goldman Sachs & Co. LLC | $37.5M | 2.72% |
| Virtu Americas LLC | $4.4M | 0.32% |
| BofA Securities, Inc. | $2.5M | 0.18% |
| UBS Securities LLC | $570K | 0.04% |
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.