RYZZ Fees and Costs — RYZZ Managed Futures Strategy Plus ETF
Data updated: 2020-06-26
The net expense ratio is 0.99% (1.01% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $117K in broker commissions, 0.4010% of average net assets.
RYZZ Fees and Expenses
Annual operating expenses and sales charges of RYZZ. Prospectus, as of January 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.99% |
| 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 | No |
RYZZ Costs Over Time
On $10,000 invested in RYZZ, assuming 5% a year before costs, total costs come to $863 over 5 years, cutting the return by 1.46% 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 0.99%) | $104 | $323 | $558 |
| Trading costs (broker commissions) | $42 | $131 | $226 |
| Lost growth on money paid in costs | $0 | $23 | $79 |
| Total costs | $146 | $476 | $863 |
| Value after costs | $10,354 | $11,100 | $11,900 |
| Impact on return, per year | 1.46% | 1.46% | 1.46% |
RYZZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.4010%
- Total broker commissions: $117K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
RYZZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADM INVESTOR SERVICES | $86K | 73.11% |
| MISCHLER FINANCIAL GROUP, INC. | $19K | 16.55% |
| U.S. BANCORP INVESTMENTS, INC. | $11K | 8.98% |
| CITIGROUP GLOBAL MARKETS INC. | $1K | 1.19% |
| GOLDMAN SACHS & CO. LLC | $202 | 0.17% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.