RGTX Fees and Costs — Defiance Daily Target 2X Long RGTI ETF
Data updated: 2026-09-28
The net expense ratio is 1.56%: a 1.29% management fee plus 0.27% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.4M in broker commissions, 2.1102% of average net assets, and portfolio turnover was 273%.
RGTX Fees and Expenses
Annual operating expenses and sales charges of RGTX. Prospectus, as of August 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.56% |
| Fee waiver | — |
| Net expense ratio | 1.56% |
| 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 |
RGTX Costs Over Time
On $10,000 invested in RGTX, assuming 5% a year before costs, total costs come to $2,176 over 5 years, cutting the return by 3.85% 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 1.56%) | $164 | $497 | $838 |
| Trading costs (broker commissions) | $222 | $672 | $1,134 |
| Lost growth on money paid in costs | $0 | $59 | $205 |
| Total costs | $385 | $1,228 | $2,176 |
| Value after costs | $10,115 | $10,348 | $10,586 |
| Impact on return, per year | 3.85% | 3.85% | 3.85% |
RGTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 2.1102%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 273%
- Securities lending: none during the year
RGTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $831K | 57.85% |
| BMO CAPITAL MARKETS CORP. | $198K | 13.79% |
| CANTOR FITZGERALD & CO. | $164K | 11.41% |
| NOMURA SECURITIES INTERNATIONAL INC. | $116K | 8.09% |
| MAREX CAPITAL MARKETS INC. | $112K | 7.79% |
| NATIONAL BANK OF CANADA FINANCIAL INC. | $7K | 0.50% |
| JANE STREET EXECUTION SERVICES LLC | $6K | 0.45% |
| MORGAN STANLEY & CO. LLC | $2K | 0.11% |
RGTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $996.2M | 90.14% |
| BMO CAPITAL MARKETS CORP. | $40.5M | 3.66% |
| JEFFERIES LLC | $24.6M | 2.22% |
| PERSHING LLC | $11.6M | 1.05% |
| GOLDMAN SACHS & CO. LLC | $7.9M | 0.72% |
| J.P. MORGAN SECURITIES LLC | $6.8M | 0.61% |
| WELLS FARGO SECURITIES LLC | $5.7M | 0.51% |
| NOMURA SECURITIES INTERNATIONAL INC. | $4.7M | 0.42% |
| MORGAN STANLEY & CO. LLC | $3.7M | 0.34% |
| RBC CAPITAL MARKETS LLC | $3.5M | 0.32% |
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.