PRMN Fees and Costs — PlanRock Market Neutral Income ETF
Data updated: 2025-02-28
The net expense ratio is 1.24% (10.58% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $859 in broker commissions, 0.0378% of average net assets, and portfolio turnover was 49%.
PRMN Fees and Expenses
Annual operating expenses and sales charges of PRMN. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 9.39% |
| Gross expense ratio | 10.58% |
| Fee waiver | −9.34% |
| Net expense ratio | 1.24% |
| 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 |
PRMN Costs Over Time
On $10,000 invested in PRMN, assuming 5% a year before costs, total costs come to $795 over 5 years, cutting the return by 1.34% 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 1.24%) | $130 | $405 | $700 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $438 | $795 |
| Value after costs | $10,366 | $11,138 | $11,968 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
PRMN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0378%
- Total broker commissions: $859
- Bought from dealers (principal trades, not a cost): $4.1M
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
PRMN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS Mischler | $619 | 72.07% |
| RJ O'Brien | $240 | 27.93% |
PRMN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $3.4M | 83.48% |
| RJ O'Brien | $680K | 16.52% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.