REVS Fees and Costs — Columbia Research Enhanced Value ETF
Data updated: 2026-09-28
The net expense ratio is 0.19% (0.20% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $14K in broker commissions, 0.0190% of average net assets, and portfolio turnover was 69%.
REVS Fees and Expenses
Annual operating expenses and sales charges of REVS. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.19% |
| 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 |
REVS Costs Over Time
On $10,000 invested in REVS, assuming 5% a year before costs, total costs come to $133 over 5 years, cutting the return by 0.22% 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 0.19%) | $20 | $63 | $110 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $72 | $133 |
| Value after costs | $10,478 | $11,504 | $12,630 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
REVS 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): 0.0190%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $42.1M
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
REVS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $9K | 63.84% |
| BARCLAYS CAPITAL | $5K | 34.04% |
| JPMorgan | $269 | 1.94% |
| Goldman Sachs | $25 | 0.18% |
REVS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $27.1M | 64.74% |
| BofA Securities, Inc. | $14.2M | 33.91% |
| Goldman Sachs | $566K | 1.35% |
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.