RSBY Fees and Costs — Return Stacked Bonds & Futures Yield ETF
Data updated: 2026-09-28
The net expense ratio is 1.01%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $258K in broker commissions, 0.2666% of average net assets, and portfolio turnover was 75%.
RSBY Fees and Expenses
Annual operating expenses and sales charges of RSBY. Prospectus, as of April 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.01% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| 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 |
RSBY Costs Over Time
On $10,000 invested in RSBY, assuming 5% a year before costs, total costs come to $794 over 5 years, cutting the return by 1.34% 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 1.01%) | $106 | $330 | $571 |
| Trading costs (broker commissions) | $28 | $87 | $151 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $438 | $794 |
| Value after costs | $10,366 | $11,139 | $11,969 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
RSBY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2666%
- Total broker commissions: $258K
- Bought from dealers (principal trades, not a cost): $6.4M
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
RSBY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PHILLIP CAPITAL INC. | $249K | 96.49% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $9K | 3.41% |
| PERSHING LLC | $180 | 0.07% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $78 | 0.03% |
RSBY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PHILLIP CAPITAL INC. | $6.4M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.