RRH Fees and Costs — Advocate Rising Rate Hedge ETF
Data updated: 2023-12-14
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $94K in broker commissions, 0.3386% of average net assets, and portfolio turnover was 367%.
RRH Fees and Expenses
Annual operating expenses and sales charges of RRH. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| 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 |
RRH Costs Over Time
On $10,000 invested in RRH, assuming 5% a year before costs, total costs come to $741 over 5 years, cutting the return by 1.25% 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 0.85%) | $89 | $278 | $481 |
| Trading costs (broker commissions) | $36 | $111 | $192 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $408 | $741 |
| Value after costs | $10,375 | $11,168 | $12,022 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
RRH Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.3386%
- Total broker commissions: $94K
- Bought from dealers (principal trades, not a cost): $8.0M
- Portfolio turnover (prospectus): 367%
- Securities on loan, average value: $400K
- Net income from securities lending: $9 (0.000% of average net assets)
RRH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ICAP Capital Markets LLC | $94K | 100.00% |
RRH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ICAP Capital Markets LLC | $8.0M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.