QUSA Fees and Costs — VistaShares Target 15 USA Quality Income ETF
Data updated: 2026-10-13
The net expense ratio is 0.97%: a 0.95% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $25K in broker commissions, 0.1327% of average net assets, and portfolio turnover was 175%.
QUSA Fees and Expenses
Annual operating expenses and sales charges of QUSA. Prospectus, as of June 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| Net expense ratio | 0.97% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
QUSA Costs Over Time
On $10,000 invested in QUSA, assuming 5% a year before costs, total costs come to $688 over 5 years, cutting the return by 1.16% 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 0.97%) | $102 | $317 | $550 |
| Trading costs (broker commissions) | $14 | $43 | $75 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $379 | $688 |
| Value after costs | $10,384 | $11,198 | $12,074 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
QUSA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1327%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 175%
QUSA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $17K | 66.99% |
| CITADEL SECURITIES LLC | $3K | 13.80% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $3K | 13.33% |
| PERSHING LLC | $1K | 5.80% |
| SIGMA BANK AG | $17 | 0.07% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.