RISN Fees and Costs — Inspire Capital Appreciation ETF
Data updated: 2026-07-28
The net expense ratio is 0.72%: a 0.50% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $87K in broker commissions, 0.1016% of average net assets, and portfolio turnover was 288%.
RISN Fees and Expenses
Annual operating expenses and sales charges of RISN. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.72% |
| Fee waiver | — |
| Net expense ratio | 0.72% |
| 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 |
RISN Costs Over Time
On $10,000 invested in RISN, assuming 5% a year before costs, total costs come to $516 over 5 years, cutting the return by 0.86% 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 0.72%) | $76 | $236 | $411 |
| Trading costs (broker commissions) | $11 | $33 | $58 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $283 | $516 |
| Value after costs | $10,414 | $11,293 | $12,247 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
RISN 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): 0.1016%
- Total broker commissions: $87K
- Bought from dealers (principal trades, not a cost): $75.0M
- Portfolio turnover (prospectus): 288%
- Securities on loan, average value: $556K
- Net income from securities lending: $230 (0.000% of average net assets)
RISN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS Securities LLC | $87K | 100.00% |
RISN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman, Sachs & Co. LLC | $65.5M | 87.37% |
| Bofa Securities, Inc. | $8.2M | 10.91% |
| Virtu Americas LLC | $1.3M | 1.73% |
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.