RNMN Fees and Costs — RiverNorth Enhanced Pre-Merger SPAC ETF
Data updated: 2026-08-27
The net expense ratio is 0.59% (0.89% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0510% of average net assets, and portfolio turnover was 77%.
RNMN Fees and Expenses
Annual operating expenses and sales charges of RNMN. Prospectus, as of July 7, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.89% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.30% |
| Net expense ratio | 0.59% |
| 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 |
RNMN Costs Over Time
On $10,000 invested in RNMN, assuming 5% a year before costs, total costs come to $404 over 5 years, cutting the return by 0.67% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $221 | $404 |
| Value after costs | $10,433 | $11,355 | $12,359 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
RNMN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0510%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 77%
- Securities lending: none during the year
RNMN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.V.B. FINANCIAL GROUP, LLC | $1K | 39.48% |
| PERSHING LLC | $636 | 24.33% |
| BTIG, LLC | $325 | 12.43% |
| NATIONAL FINANCIAL SERVICES LLC | $173 | 6.62% |
| SEAPORT GLOBAL SECURITIES LLC | $100 | 3.83% |
| CANTOR FITZGERALD & CO. | $85 | 3.25% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $80 | 3.06% |
| MAXIM GROUP LLC | $69 | 2.64% |
| FIDELITY BROKERAGE SERVICES LLC | $64 | 2.45% |
| ROTH CAPITAL PARTNERS, LLC | $50 | 1.91% |
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.