QPT Fees and Costs — AdvisorShares Q Portfolio Blended Allocation ETF
Data updated: 2022-11-22
The net expense ratio is 1.19% (3.79% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $4K in broker commissions, 0.1046% of average net assets, and portfolio turnover was 248%.
QPT Fees and Expenses
Annual operating expenses and sales charges of QPT. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.85% |
| Gross expense ratio | 3.79% |
| Fee waiver | −2.60% |
| Net expense ratio | 1.19% |
| 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 |
QPT Costs Over Time
On $10,000 invested in QPT, assuming 5% a year before costs, total costs come to $805 over 5 years, cutting the return by 1.36% 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 1.19%) | $125 | $389 | $672 |
| Trading costs (broker commissions) | $11 | $34 | $59 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $444 | $805 |
| Value after costs | $10,364 | $11,132 | $11,958 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
QPT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1046%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $4.9M
- Portfolio turnover (prospectus): 248%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $3K (0.065% of average net assets)
QPT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ALLIANCEBERNSTEIN INVESTMENTS, INC. | $3K | 73.36% |
| VIRTU AMERICAS LLC | $787 | 17.84% |
| Raymond James & Associates, Inc. | $388 | 8.80% |
QPT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $2.9M | 58.00% |
| BOFA SECURITIES, INC. | $2.1M | 42.00% |
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.