PLTL Fees and Costs — Principal U.S. Small-Cap Adaptive Multi-Factor ETF
Data updated: 2023-11-21
The net expense ratio is 0.19%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $4K in broker commissions, 0.0760% of average net assets, and portfolio turnover was 128%.
PLTL Fees and Expenses
Annual operating expenses and sales charges of PLTL. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.19% |
| Fee waiver | — |
| Net expense ratio | 0.19% |
| 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 |
PLTL Costs Over Time
On $10,000 invested in PLTL, assuming 5% a year before costs, total costs come to $169 over 5 years, cutting the return by 0.28% 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 0.19%) | $20 | $63 | $110 |
| Trading costs (broker commissions) | $8 | $25 | $44 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $28 | $92 | $169 |
| Value after costs | $10,472 | $11,484 | $12,594 |
| Impact on return, per year | 0.28% | 0.28% | 0.28% |
PLTL 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): 0.0760%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $664K
- Portfolio turnover (prospectus): 128%
- Securities lending: none during the year
PLTL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $4K | 96.46% |
| Dash Financial Technologies LLC | $38 | 0.87% |
| Stifel, Nicolaus & Company, Incorporated | $31 | 0.72% |
| Nomura Securities International, Inc. | $29 | 0.66% |
| J.P. Morgan Securities LLC | $22 | 0.51% |
| Jefferies LLC | $22 | 0.50% |
| Telsey Advisory Group LLC | $6 | 0.14% |
| Goldman Sachs & Co. LLC | $3 | 0.07% |
| Citation Group Ltd. | $2 | 0.05% |
| Cowen and Company, LLC | $1 | 0.03% |
PLTL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $664K | 99.91% |
| Jefferies LLC | $615 | 0.09% |
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.