RBUS Fees and Costs — Nationwide Risk-Based U.S. Equity ETF
Data updated: 2022-04-26
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $32K in broker commissions, 0.0278% of average net assets, and portfolio turnover was 57%.
RBUS Fees and Expenses
Annual operating expenses and sales charges of RBUS. Prospectus, as of November 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| 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 |
RBUS Costs Over Time
On $10,000 invested in RBUS, assuming 5% a year before costs, total costs come to $208 over 5 years, cutting the return by 0.34% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $34 | $113 | $208 |
| Value after costs | $10,466 | $11,463 | $12,555 |
| Impact on return, per year | 0.34% | 0.34% | 0.34% |
RBUS 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): 0.0278%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $16.8M
- Net income from securities lending: $13K (0.011% of average net assets)
RBUS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $26K | 82.52% |
| VIRTU AMERICAS LLC | $6K | 17.44% |
| GOLDMAN SACHS & CO. LLC | $11 | 0.03% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.