RORO Fees and Costs — ATAC US Rotation ETF
Data updated: 2025-11-13
The net expense ratio is 1.14% (1.41% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.2257% of average net assets, and portfolio turnover was 1855%.
RORO Fees and Expenses
Annual operating expenses and sales charges of RORO. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 1.41% |
| Fee waiver | −0.27% |
| Net expense ratio | 1.14% |
| 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 |
RORO Costs Over Time
On $10,000 invested in RORO, assuming 5% a year before costs, total costs come to $848 over 5 years, cutting the return by 1.43% 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 1.14%) | $120 | $372 | $643 |
| Trading costs (broker commissions) | $24 | $74 | $127 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $143 | $468 | $848 |
| Value after costs | $10,357 | $11,108 | $11,915 |
| Impact on return, per year | 1.43% | 1.43% | 1.43% |
RORO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2257%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1855%
- Securities on loan, average value: $1.0M
- Net income from securities lending: $4K (0.088% of average net assets)
RORO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $11K | 99.92% |
| MISCHLER FINANCIAL GROUP, INC. | $4 | 0.04% |
| GOLDMAN SACHS & CO. LLC | $4 | 0.03% |
| PERSHING LLC | $1 | 0.01% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.