SANE Fees and Costs — Subversive Mental Health ETF
Data updated: 2024-03-01
The net expense ratio is 0.76%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $876 in broker commissions, 0.1427% of average net assets, and portfolio turnover was 206%.
SANE Fees and Expenses
Annual operating expenses and sales charges of SANE. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.76% |
| Fee waiver | — |
| Net expense ratio | 0.76% |
| 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 |
SANE Costs Over Time
On $10,000 invested in SANE, assuming 5% a year before costs, total costs come to $566 over 5 years, cutting the return by 0.95% 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 0.76%) | $80 | $249 | $433 |
| Trading costs (broker commissions) | $15 | $47 | $81 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $95 | $311 | $566 |
| Value after costs | $10,405 | $11,266 | $12,197 |
| Impact on return, per year | 0.95% | 0.95% | 0.95% |
SANE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1427%
- Total broker commissions: $876
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 206%
- Securities lending: none during the year
SANE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $473 | 53.98% |
| ROBERT W. BAIRD & CO. INCORPORATED | $150 | 17.12% |
| TELSEY ADVISORY GROUP LLC | $112 | 12.75% |
| GOLDMAN SACHS & CO. LLC | $79 | 9.03% |
| BNP Paribas Securities Corp. | $28 | 3.19% |
| CITIGROUP GLOBAL MARKETS INC. | $21 | 2.43% |
| BTIG LLC | $13 | 1.50% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.