SAVN Fees and Costs — LifeGoal Conservative Wealth Builder ETF
Data updated: 2023-07-07
The net expense ratio is 0.34% (13.43% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $679 in broker commissions, 0.0464% of average net assets, and portfolio turnover was 151%.
SAVN Fees and Expenses
Annual operating expenses and sales charges of SAVN. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | 12.90% |
| Gross expense ratio | 13.43% |
| Fee waiver | −13.09% |
| Net expense ratio | 0.34% |
| 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 |
SAVN Costs Over Time
On $10,000 invested in SAVN, assuming 5% a year before costs, total costs come to $245 over 5 years, cutting the return by 0.41% 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 0.34%) | $36 | $112 | $196 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $41 | $134 | $245 |
| Value after costs | $10,459 | $11,443 | $12,518 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
SAVN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0464%
- Total broker commissions: $679
- Bought from dealers (principal trades, not a cost): $5.2M
- Portfolio turnover (prospectus): 151%
- Securities lending: none during the year
SAVN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $302 | 44.48% |
| Bloomberg | $237 | 34.90% |
| Virtu Americas LLC | $114 | 16.79% |
| BTIG LLC | $26 | 3.83% |
SAVN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $5.2M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.