REAI Fees and Costs — Intelligent Real Estate ETF
Data updated: 2026-09-21
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $6K in broker commissions, 0.2473% of average net assets, and portfolio turnover was 125%.
REAI Fees and Expenses
Annual operating expenses and sales charges of REAI. Prospectus, as of May 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
REAI Costs Over Time
On $10,000 invested in REAI, assuming 5% a year before costs, total costs come to $525 over 5 years, cutting the return by 0.88% 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 0.59%) | $62 | $194 | $336 |
| Trading costs (broker commissions) | $26 | $81 | $141 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $288 | $525 |
| Value after costs | $10,412 | $11,288 | $12,237 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
REAI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2473%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 125%
- Securities lending: none during the year
REAI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $3K | 61.76% |
| ROBERT W. BAIRD & CO. INCORPORATED | $2K | 28.60% |
| PERSHING LLC | $348 | 6.29% |
| CITIGROUP GLOBAL MARKETS INC. | $185 | 3.35% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.