PTL Fees and Costs — Inspire 500 ETF
Data updated: 2026-07-28
The net expense ratio is 0.09%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $29K in broker commissions, 0.0079% of average net assets, and portfolio turnover was 30%.
PTL Fees and Expenses
Annual operating expenses and sales charges of PTL. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.09% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | — |
| Fee waiver | — |
| Net expense ratio | 0.09% |
| 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 |
PTL Costs Over Time
On $10,000 invested in PTL, assuming 5% a year before costs, total costs come to $62 over 5 years, cutting the return by 0.10% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $10 | $34 | $62 |
| Value after costs | $10,490 | $11,542 | $12,700 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
PTL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0079%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): $384.0M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
PTL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS Securities LLC | $29K | 100.00% |
PTL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman, Sachs & Co. LLC | $197.2M | 51.34% |
| BofA Securities, Inc. | $143.7M | 37.41% |
| Virtu Americas LLC | $37.6M | 9.79% |
| J.P. Morgan Securities LLC | $5.6M | 1.46% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.