RECS Fees and Costs — Columbia Research Enhanced Core ETF
Data updated: 2026-09-28
The net expense ratio is 0.15%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $200K in broker commissions, 0.0078% of average net assets, and portfolio turnover was 32%.
RECS Fees and Expenses
Annual operating expenses and sales charges of RECS. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| 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 |
RECS Costs Over Time
On $10,000 invested in RECS, assuming 5% a year before costs, total costs come to $100 over 5 years, cutting the return by 0.17% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $17 | $55 | $100 |
| Value after costs | $10,483 | $11,522 | $12,662 |
| Impact on return, per year | 0.17% | 0.17% | 0.17% |
RECS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0078%
- Total broker commissions: $200K
- Bought from dealers (principal trades, not a cost): $4.0B
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
RECS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $110K | 54.96% |
| Barclays Capital | $70K | 34.71% |
| Morgan Stanley | $8K | 4.14% |
| Goldman Sachs | $7K | 3.69% |
| JPMorgan | $5K | 2.50% |
RECS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $2.7B | 67.06% |
| RBC Capital Markets | $729.0M | 18.13% |
| Virtu Americas LLC | $355.4M | 8.84% |
| Goldman Sachs | $132.4M | 3.29% |
| JPMorgan | $102.8M | 2.56% |
| BANK OF AMERICA, N.A. | $3.0M | 0.07% |
| UBS | $1.9M | 0.05% |
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.