RKTL Fees and Costs — Defiance Daily Target 2x Long RKT ETF
Data updated: 2026-09-28
The net expense ratio is 1.31%: a 1.29% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.1874% of average net assets.
RKTL Fees and Expenses
Annual operating expenses and sales charges of RKTL. Prospectus, as of December 23, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.31% |
| Fee waiver | — |
| Net expense ratio | 1.31% |
| 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 |
RKTL Costs Over Time
On $10,000 invested in RKTL, assuming 5% a year before costs, total costs come to $927 over 5 years, cutting the return by 1.57% 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 1.31%) | $138 | $427 | $737 |
| Trading costs (broker commissions) | $20 | $61 | $105 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $157 | $512 | $927 |
| Value after costs | $10,343 | $11,064 | $11,835 |
| Impact on return, per year | 1.57% | 1.57% | 1.57% |
RKTL 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): 0.1874%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $718K
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
RKTL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL INC. | $2K | 56.99% |
| MAREX CAPITAL MARKETS INC. | $775 | 20.59% |
| CANTOR FITZGERALD & CO. | $540 | 14.35% |
| NATIONAL BANK OF CANADA FINANCIAL INC. | $304 | 8.07% |
RKTL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES LLC | $219K | 30.54% |
| RBC CAPITAL MARKETS LLC | $170K | 23.61% |
| J.P. MORGAN SECURITIES LLC | $167K | 23.21% |
| NOMURA SECURITIES INTERNATIONAL INC. | $163K | 22.64% |
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.