PLRG Fees and Costs — Principal U.S. Large-Cap Adaptive Multi-Factor ETF
Data updated: 2023-11-21
The net expense ratio is 0.15%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0167% of average net assets, and portfolio turnover was 107%.
PLRG Fees and Expenses
Annual operating expenses and sales charges of PLRG. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| 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 |
PLRG Costs Over Time
On $10,000 invested in PLRG, assuming 5% a year before costs, total costs come to $106 over 5 years, cutting the return by 0.18% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $18 | $58 | $106 |
| Value after costs | $10,482 | $11,518 | $12,657 |
| Impact on return, per year | 0.18% | 0.18% | 0.18% |
PLRG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0167%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $7.3M
- Portfolio turnover (prospectus): 107%
- Securities lending: none during the year
PLRG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $1K | 97.43% |
| Stifel, Nicolaus & Company, Incorporated | $19 | 1.65% |
| Dash Financial Technologies LLC | $7 | 0.59% |
| Nomura Securities International, Inc. | $2 | 0.21% |
| J.P. Morgan Securities LLC | $1 | 0.06% |
| UBS Securities LLC | $0 | 0.02% |
| State Street Global Markets, LLC | $0 | 0.02% |
| Telsey Advisory Group LLC | $0 | 0.01% |
| Citation Group Ltd. | $0 | 0.01% |
| Sanford C. Bernstein & Co., LLC | $0 | 0.00% |
PLRG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $6.9M | 94.40% |
| State Street Bank and Trust Company | $404K | 5.53% |
| Virtu Americas LLC | $5K | 0.07% |
| Raymond James & Associates, Inc. | $157 | 0.00% |
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.