RSEE Fees and Costs — Rareview Systematic Equity ETF
Data updated: 2026-08-26
The net expense ratio is 2.71% (3.03% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $77K in broker commissions, 0.1698% of average net assets, and portfolio turnover was 126%.
RSEE Fees and Expenses
Annual operating expenses and sales charges of RSEE. Prospectus, as of April 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 3.03% |
| Fee waiver | −0.32% |
| Net expense ratio | 2.71% |
| 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 | Yes |
RSEE Costs Over Time
On $10,000 invested in RSEE, assuming 5% a year before costs, total costs come to $1,735 over 5 years, cutting the return by 3.02% 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 2.71%) | $285 | $871 | $1,480 |
| Trading costs (broker commissions) | $18 | $55 | $93 |
| Lost growth on money paid in costs | $0 | $46 | $162 |
| Total costs | $302 | $972 | $1,735 |
| Value after costs | $10,198 | $10,605 | $11,028 |
| Impact on return, per year | 3.02% | 3.02% | 3.02% |
RSEE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1698%
- Total broker commissions: $77K
- Bought from dealers (principal trades, not a cost): $21.5M
- Portfolio turnover (prospectus): 126%
- Securities lending: none during the year
RSEE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group, Inc. | $59K | 77.27% |
| JonesTrading Institutional Services LLC | $10K | 12.53% |
| Interactive Brokers LLC | $8K | 10.18% |
| TD Securities (USA) LLC | $9 | 0.01% |
RSEE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $11.6M | 53.84% |
| Goldman Sachs & Co. LLC | $5.6M | 26.15% |
| BofA Securities, Inc. | $4.3M | 20.01% |
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.