RFDA Fees and Costs — RiverFront Dynamic US Dividend Advantage ETF
Data updated: 2026-07-29
The net expense ratio is 0.52%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12 in broker commissions, and portfolio turnover was 1%.
RFDA Fees and Expenses
Annual operating expenses and sales charges of RFDA. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.52% |
| Fee waiver | — |
| Net expense ratio | 0.52% |
| 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 |
RFDA Costs Over Time
On $10,000 invested in RFDA, assuming 5% a year before costs, total costs come to $328 over 5 years, cutting the return by 0.55% 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 0.52%) | $55 | $171 | $298 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $55 | $180 | $328 |
| Value after costs | $10,445 | $11,397 | $12,434 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
RFDA 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): —
- Total broker commissions: $12
- Bought from dealers (principal trades, not a cost): $25.0M
- Portfolio turnover (prospectus): 1%
- Securities on loan, average value: $3.1M
- Net income from securities lending: $5K (0.006% of average net assets)
RFDA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $12 | 100.00% |
RFDA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $15.3M | 61.27% |
| CITADEL SECURITIES LLC | $6.0M | 23.79% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $2.5M | 9.97% |
| GOLDMAN SACHS & CO. LLC | $1.2M | 4.97% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.