RUNN Fees and Costs — Running Oak Efficient Growth ETF
Data updated: 2026-10-09
The net expense ratio is 0.58%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 19%.
RUNN Fees and Expenses
Annual operating expenses and sales charges of RUNN. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.58% |
| Fee waiver | — |
| Net expense ratio | 0.58% |
| 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 |
RUNN Costs Over Time
On $10,000 invested in RUNN, assuming 5% a year before costs, total costs come to $367 over 5 years, cutting the return by 0.61% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $34 |
| Total costs | $61 | $201 | $367 |
| Value after costs | $10,439 | $11,375 | $12,395 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
RUNN 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): 0.0024%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $73.6M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
RUNN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG LLC | $6K | 86.54% |
| Goldman, Sachs & Co. LLC | $935 | 13.46% |
RUNN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman, Sachs & Co. LLC | $52.7M | 71.58% |
| Bank of America Merrill Lynch | $20.2M | 27.44% |
| Virtu Financial | $716K | 0.97% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.