ROOF Fees and Costs — IQ CBRE NextGen Real Estate ETF
Data updated: 2024-12-23
The net expense ratio is 0.60%: a 0.60% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $34K in broker commissions, 0.0492% of average net assets, and portfolio turnover was 24%.
ROOF Fees and Expenses
Annual operating expenses and sales charges of ROOF. Prospectus, as of August 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.61% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
ROOF Costs Over Time
On $10,000 invested in ROOF, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% 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 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,354 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
ROOF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0492%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): $136.8M
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $6K (0.009% of average net assets)
ROOF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $21K | 63.21% |
| INSTINET, LLC | $6K | 16.48% |
| CitiGroup Global Markets Inc. | $4K | 11.58% |
| VIRTU AMERICAS LLC | $3K | 8.73% |
| BTIG, LLC | $0 | 0.00% |
ROOF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $122.8M | 89.74% |
| J.P. Morgan Securities LLC | $7.3M | 5.30% |
| GOLDMAN SACHS & CO. LLC | $3.8M | 2.81% |
| VIRTU AMERICAS LLC | $2.0M | 1.45% |
| Jane Street Execution Services, LLC | $962K | 0.70% |
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.