RDFI Fees and Costs — Rareview Dynamic Fixed Income ETF
Data updated: 2026-08-26
The net expense ratio is 4.23%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $179K in broker commissions, 0.4495% of average net assets, and portfolio turnover was 153%.
RDFI Fees and Expenses
Annual operating expenses and sales charges of RDFI. Prospectus, as of April 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.97% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 4.23% |
| Fee waiver | — |
| Net expense ratio | 4.23% |
| 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 |
RDFI Costs Over Time
On $10,000 invested in RDFI, assuming 5% a year before costs, total costs come to $2,719 over 5 years, cutting the return by 4.91% 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 4.23%) | $444 | $1,334 | $2,225 |
| Trading costs (broker commissions) | $47 | $142 | $236 |
| Lost growth on money paid in costs | $0 | $75 | $258 |
| Total costs | $491 | $1,550 | $2,719 |
| Value after costs | $10,009 | $10,026 | $10,043 |
| Impact on return, per year | 4.91% | 4.91% | 4.91% |
RDFI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.4495%
- Total broker commissions: $179K
- Bought from dealers (principal trades, not a cost): $21.6M
- Portfolio turnover (prospectus): 153%
- Securities lending: none during the year
RDFI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group, Inc. | $105K | 58.63% |
| Clear Street LLC | $31K | 17.42% |
| JonesTrading Institutional Services LLC | $16K | 9.02% |
| R.J. O'Brien & Associates, LLC | $14K | 7.96% |
| Interactive Brokers LLC | $5K | 2.69% |
| TD Securities (USA) LLC | $5K | 2.66% |
| GFI Securities | $2K | 0.99% |
| CLSA Americas, LLC | $1K | 0.62% |
RDFI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $17.9M | 82.74% |
| Goldman Sachs & Co. LLC | $3.7M | 17.26% |
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.