RNEM Fees and Costs — Emerging Markets Equity Select ETF
Data updated: 2026-08-21
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $20K in broker commissions, 0.1225% of average net assets, and portfolio turnover was 64%.
RNEM Fees and Expenses
Annual operating expenses and sales charges of RNEM. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
RNEM Costs Over Time
On $10,000 invested in RNEM, assuming 5% a year before costs, total costs come to $547 over 5 years, cutting the return by 0.92% 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 0.75%) | $79 | $246 | $427 |
| Trading costs (broker commissions) | $13 | $40 | $70 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $300 | $547 |
| Value after costs | $10,408 | $11,276 | $12,216 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
RNEM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1225%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $946K
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
RNEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $11K | 55.67% |
| GOLDMAN SACHS & CO. LLC | $9K | 43.28% |
| MIZUHO SECURITIES USA LLC | $130 | 0.64% |
| BOFA SECURITIES, INC. | $63 | 0.31% |
| BTG PACTUAL US CAPITAL, LLC | $14 | 0.07% |
| CITIGROUP GLOBAL MARKETS INC. | $6 | 0.03% |
| LarrainVial Securities US LLC | $1 | 0.00% |
RNEM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $946K | 100.00% |
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.