RBIN Fees and Costs — Nationwide Risk-Based International Equity ETF
Data updated: 2022-04-26
The net expense ratio is 0.42%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $92K in broker commissions, 0.0762% of average net assets, and portfolio turnover was 66%.
RBIN Fees and Expenses
Annual operating expenses and sales charges of RBIN. Prospectus, as of November 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.42% |
| Fee waiver | — |
| Net expense ratio | 0.42% |
| 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 |
RBIN Costs Over Time
On $10,000 invested in RBIN, assuming 5% a year before costs, total costs come to $314 over 5 years, cutting the return by 0.52% 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 0.42%) | $44 | $138 | $241 |
| Trading costs (broker commissions) | $8 | $25 | $44 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $171 | $314 |
| Value after costs | $10,448 | $11,405 | $12,449 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
RBIN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0762%
- Total broker commissions: $92K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $6K (0.005% of average net assets)
RBIN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $72K | 78.35% |
| BNY MELLON CAPITAL MARKETS, LLC | $9K | 10.10% |
| BNP PARIBAS PRIME BROKERAGE, INC. | $7K | 7.47% |
| MERRILL LYNCH | $3K | 2.73% |
| UBS FINANCIAL SERVICES INC. | $1K | 1.29% |
| J.P. MORGAN SECURITIES LLC | $59 | 0.06% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.