RATE Fees and Costs — Global X Interest Rate Hedge ETF
Data updated: 2025-07-30
The net expense ratio is 0.45%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $314 in broker commissions, 0.0158% of average net assets, and portfolio turnover was 13%.
RATE Fees and Expenses
Annual operating expenses and sales charges of RATE. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| 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 |
RATE Costs Over Time
On $10,000 invested in RATE, assuming 5% a year before costs, total costs come to $294 over 5 years, cutting the return by 0.49% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $161 | $294 |
| Value after costs | $10,451 | $11,415 | $12,468 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
RATE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0158%
- Total broker commissions: $314
- Bought from dealers (principal trades, not a cost): $324K
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
RATE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SOCIETE GENERALE COWEN SECURITIES CORP. | $241 | 76.70% |
| MIDWEST RESEARCH SECURITIES | $37 | 11.79% |
| VIRTU FINANCIAL BD LLC | $26 | 8.16% |
| CITIGROUP | $11 | 3.35% |
RATE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STONEX GROUP INC | $174K | 53.77% |
| MORGAN STANLEY & CO, INC | $150K | 46.23% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.