PP Fees and Costs — The Meet Kevin Pricing Power ETF
Data updated: 2025-03-31
The net expense ratio is 0.76%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $50K in broker commissions, 0.1236% of average net assets, and portfolio turnover was 96%.
PP Fees and Expenses
Annual operating expenses and sales charges of PP. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.76% |
| Fee waiver | — |
| Net expense ratio | 0.76% |
| 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 |
PP Costs Over Time
On $10,000 invested in PP, assuming 5% a year before costs, total costs come to $554 over 5 years, cutting the return by 0.93% 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 0.76%) | $80 | $249 | $433 |
| Trading costs (broker commissions) | $13 | $41 | $70 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $304 | $554 |
| Value after costs | $10,407 | $11,272 | $12,209 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
PP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1236%
- Total broker commissions: $50K
- Bought from dealers (principal trades, not a cost): $35.1M
- Portfolio turnover (prospectus): 96%
- Securities lending: none during the year
PP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TELSEY ADVISORY GROUP LLC | $32K | 63.22% |
| GOLDMAN SACHS & CO. LLC | $13K | 25.82% |
| ROBERT W. BAIRD & CO. INCORPORATED | $3K | 6.02% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $2K | 4.09% |
| PERSHING LLC | $431 | 0.86% |
PP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $20.9M | 59.44% |
| MORGAN STANLEY & CO. LLC | $9.3M | 26.37% |
| BMO CAPITAL MARKETS CORP. | $5.0M | 14.19% |
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.