REIT Fees and Costs — ALPS Active REIT ETF
Data updated: 2026-07-29
The net expense ratio is 0.68%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8K in broker commissions, 0.0184% of average net assets, and portfolio turnover was 61%.
REIT Fees and Expenses
Annual operating expenses and sales charges of REIT. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.68% |
| Fee waiver | — |
| Net expense ratio | 0.68% |
| 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 |
REIT Costs Over Time
On $10,000 invested in REIT, assuming 5% a year before costs, total costs come to $439 over 5 years, cutting the return by 0.73% 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 0.68%) | $71 | $223 | $389 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $241 | $439 |
| Value after costs | $10,427 | $11,335 | $12,323 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
REIT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0184%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $19.9M
- Portfolio turnover (prospectus): 61%
- Securities on loan, average value: $147K
- Net income from securities lending: $169 (0.000% of average net assets)
REIT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $5K | 64.77% |
| Jones Trading | $3K | 35.23% |
REIT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $10.9M | 54.72% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $4.8M | 24.31% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $2.2M | 11.19% |
| JANE STREET CAPITAL, LLC | $1.9M | 9.77% |
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.