PSIL Fees and Costs — AdvisorShares Psychedelics ETF
Data updated: 2026-09-10
The net expense ratio is 1.00%: a 0.60% management fee plus 1.23% other expenses, less a 0.84% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $149K in broker commissions, 0.6898% of average net assets, and portfolio turnover was 107%.
PSIL Fees and Expenses
Annual operating expenses and sales charges of PSIL. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.23% |
| Gross expense ratio | 1.84% |
| Fee waiver | −0.84% |
| Net expense ratio | 1.00% |
| 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 |
PSIL Costs Over Time
On $10,000 invested in PSIL, assuming 5% a year before costs, total costs come to $1,042 over 5 years, cutting the return by 1.77% 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 1.00%) | $105 | $325 | $560 |
| Trading costs (broker commissions) | $72 | $224 | $386 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $177 | $577 | $1,042 |
| Value after costs | $10,323 | $10,999 | $11,720 |
| Impact on return, per year | 1.77% | 1.77% | 1.77% |
PSIL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.6898%
- Total broker commissions: $149K
- Bought from dealers (principal trades, not a cost): $22.7M
- Portfolio turnover (prospectus): 107%
- Securities on loan, average value: $3.0M
- Net income from securities lending: $61K (0.281% of average net assets)
PSIL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $149K | 100.00% |
PSIL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $14.1M | 62.05% |
| Jane Street Execution Services, LLC | $4.4M | 19.61% |
| Mirae Asset Securities (USA) Inc. | $3.4M | 14.97% |
| SAGE THERAPEUTICS, INC. | $763K | 3.37% |
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.