PSDN Fees and Costs — AdvisorShares Poseidon Dynamic Cannabis ETF
Data updated: 2023-09-08
The net expense ratio is 1.01% (2.59% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $10K in broker commissions, 0.2411% of average net assets, and portfolio turnover was 159%.
PSDN Fees and Expenses
Annual operating expenses and sales charges of PSDN. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.77% |
| Gross expense ratio | 2.59% |
| Fee waiver | −1.58% |
| Net expense ratio | 1.01% |
| 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 |
PSDN Costs Over Time
On $10,000 invested in PSDN, assuming 5% a year before costs, total costs come to $779 over 5 years, cutting the return by 1.31% 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 1.01%) | $106 | $330 | $571 |
| Trading costs (broker commissions) | $25 | $79 | $136 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $131 | $429 | $779 |
| Value after costs | $10,369 | $11,147 | $11,984 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
PSDN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.2411%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $412K
- Portfolio turnover (prospectus): 159%
- Securities on loan, average value: $67K
- Net income from securities lending: $3K (0.070% of average net assets)
PSDN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $6K | 64.98% |
| ATB CAPITAL MARKETS USA INC. | $3K | 35.02% |
PSDN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $249K | 60.38% |
| Jane Street Execution Services, LLC | $91K | 22.14% |
| VIRTU AMERICAS LLC | $47K | 11.37% |
| TD SECURITIES (USA) LLC | $24K | 5.83% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $1K | 0.28% |
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.