RORE Fees and Costs — Hartford Multifactor REIT ETF
Data updated: 2020-08-25
The net expense ratio is 0.45%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $7K in broker commissions, 0.0291% of average net assets, and portfolio turnover was 50%.
RORE Fees and Expenses
Annual operating expenses and sales charges of RORE. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| 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 |
RORE Costs Over Time
On $10,000 invested in RORE, assuming 5% a year before costs, total costs come to $303 over 5 years, cutting the return by 0.50% 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 0.45%) | $47 | $148 | $258 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $50 | $166 | $303 |
| Value after costs | $10,450 | $11,411 | $12,460 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
RORE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0291%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $6.5M
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $4K (0.018% of average net assets)
RORE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4K | 54.13% |
| Credit Suisse Securities (USA) LLC | $3K | 41.95% |
| Virtu Americas LLC | $105 | 1.50% |
| Instinet, LLC | $35 | 0.50% |
| UBS Securities LLC | $34 | 0.49% |
| Weeden & Co. L.P. | $32 | 0.46% |
| Virtu Itg LLC | $27 | 0.39% |
| RBC Capital Markets, LLC | $21 | 0.30% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $11 | 0.16% |
| BTIG, LLC | $8 | 0.11% |
RORE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3.3M | 49.97% |
| Credit Suisse Securities (USA) LLC | $3.2M | 49.26% |
| Morgan Stanley & Co. LLC | $51K | 0.78% |
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.