PPEM Fees and Costs — PortfolioPlus Emerging Markets ETF
Data updated: 2020-09-25
The net expense ratio is 0.58% (0.63% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $80 in broker commissions, 0.0009% of average net assets, and portfolio turnover was 33%.
PPEM Fees and Expenses
Annual operating expenses and sales charges of PPEM. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.63% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.58% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PPEM Costs Over Time
On $10,000 invested in PPEM, assuming 5% a year before costs, total costs come to $366 over 5 years, cutting the return by 0.61% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $201 | $366 |
| Value after costs | $10,439 | $11,376 | $12,396 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
PPEM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0009%
- Total broker commissions: $80
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $2.0M
- Net income from securities lending: $71K (0.793% of average net assets)
PPEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $80 | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.