SCEC Fees and Costs — Sterling Capital Enhanced Core Bond ETF
Data updated: 2026-08-31
The net expense ratio is 0.39%. There are no sales loads or redemption fees. Portfolio turnover was 75%.
SCEC Fees and Expenses
Annual operating expenses and sales charges of SCEC. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| 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 |
SCEC Costs Over Time
On $10,000 invested in SCEC, assuming 5% a year before costs, total costs come to $247 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 0.39%) | $41 | $129 | $224 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $135 | $247 |
| Value after costs | $10,459 | $11,441 | $12,516 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
SCEC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $964.1M
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
SCEC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities LLC | $119.8M | 15.89% |
| Citibank Global Markets Inc | $92.4M | 12.25% |
| Barclays Capital Inc | $83.7M | 11.10% |
| Morgan Stanley and Co LLC | $74.2M | 9.83% |
| Goldman Sachs and Co | $73.0M | 9.68% |
| Jane Street Capital LLC | $73.0M | 9.68% |
| Williams Financial Group | $69.7M | 9.24% |
| JP Morgan Securities LLC | $66.7M | 8.84% |
| BofA Securities Inc | $64.4M | 8.54% |
| Deutsche Bank Securities Inc | $37.2M | 4.94% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.