PMOM Fees and Costs — Principal Sustainable Momentum Index ETF
Data updated: 2020-09-09
The net expense ratio is 0.29%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $3K in broker commissions, 0.0503% of average net assets, and portfolio turnover was 103%.
PMOM Fees and Expenses
Annual operating expenses and sales charges of PMOM. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| 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 |
PMOM Costs Over Time
On $10,000 invested in PMOM, assuming 5% a year before costs, total costs come to $216 over 5 years, cutting the return by 0.36% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $36 | $118 | $216 |
| Value after costs | $10,464 | $11,458 | $12,547 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
PMOM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0503%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $1.9M
- Portfolio turnover (prospectus): 103%
- Securities on loan, average value: $42K
- Net income from securities lending: $931 (0.018% of average net assets)
PMOM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $2K | 69.26% |
| Stifel, Nicolaus & Company, Incorporated | $708 | 26.91% |
| Bofa Securities, Inc. | $32 | 1.20% |
| Goldman Sachs & Co. LLC | $26 | 0.99% |
| Virtu Americas LLC | $13 | 0.48% |
| J.P. Morgan Securities LLC | $11 | 0.42% |
| Sanford C. Bernstein & Co., LLC | $11 | 0.40% |
| Credit Suisse Securities (USA) LLC | $9 | 0.34% |
PMOM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $1.1M | 57.30% |
| State Street Bank and Trust Company | $814K | 42.70% |
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.