POTX Fees and Costs — Global X Cannabis ETF
Data updated: 2024-02-13
The net expense ratio is 0.51%: a 0.50% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $154K in broker commissions, 0.4095% of average net assets, and portfolio turnover was 65%.
POTX Fees and Expenses
Annual operating expenses and sales charges of POTX. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.51% |
| Fee waiver | — |
| Net expense ratio | 0.51% |
| 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 |
POTX Costs Over Time
On $10,000 invested in POTX, assuming 5% a year before costs, total costs come to $576 over 5 years, cutting the return by 0.97% 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 0.51%) | $54 | $167 | $290 |
| Trading costs (broker commissions) | $43 | $134 | $233 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $316 | $576 |
| Value after costs | $10,403 | $11,260 | $12,187 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
POTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.4095%
- Total broker commissions: $154K
- Bought from dealers (principal trades, not a cost): $10.0M
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $6.2M
- Net income from securities lending: $1.0M (2.739% of average net assets)
POTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG LLC | $51K | 33.15% |
| SOCIETE GENERALE COWEN SECURITIES CORP. | $47K | 30.71% |
| MIDWEST RESEARCH SECURITIES | $30K | 19.30% |
| CITIGROUP | $19K | 12.65% |
| MISCHLER FINANCIAL | $6K | 4.09% |
| JP MORGAN | $166 | 0.11% |
| GOLDMAN SACHS & CO | $1 | 0.00% |
POTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO | $6.0M | 59.87% |
| CITIGROUP | $4.0M | 39.92% |
| JP MORGAN | $21K | 0.21% |
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.