RSPY Fees and Costs — Revere Sector Opportunity ETF
Data updated: 2023-08-28
The net expense ratio is 1.11% (2.57% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $192 in broker commissions, 0.0027% of average net assets.
RSPY Fees and Expenses
Annual operating expenses and sales charges of RSPY. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.56% |
| Gross expense ratio | 2.57% |
| Fee waiver | −1.46% |
| Net expense ratio | 1.11% |
| 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 |
RSPY Costs Over Time
On $10,000 invested in RSPY, assuming 5% a year before costs, total costs come to $694 over 5 years, cutting the return by 1.17% 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 1.11%) | $117 | $363 | $629 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $382 | $694 |
| Value after costs | $10,383 | $11,194 | $12,068 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
RSPY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0027%
- Total broker commissions: $192
- Bought from dealers (principal trades, not a cost): $547K
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
RSPY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group, Inc. | $192 | 100.00% |
RSPY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman, Sachs & CO. | $547K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.