SCID Fees and Costs — Global X Scientific Beta Europe ETF
Data updated: 2020-09-28
The net expense ratio is 0.39%: a 0.38% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $2K in broker commissions, 0.0422% of average net assets, and portfolio turnover was 37%.
SCID Fees and Expenses
Annual operating expenses and sales charges of SCID. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| 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 |
SCID Costs Over Time
On $10,000 invested in SCID, assuming 5% a year before costs, total costs come to $273 over 5 years, cutting the return by 0.45% 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 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $149 | $273 |
| Value after costs | $10,455 | $11,427 | $12,489 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
SCID Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0422%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
SCID Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS | $2K | 68.39% |
| SUSQUEHANNA INVESTMENT GROUP | $691 | 30.66% |
| MITSUBISHI SEC | $14 | 0.61% |
| BANK OF AMERICA | $4 | 0.18% |
| CREDIT SUISSE - FIRST BOSTON | $4 | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.