SDOG Fees and Costs — ALPS Sector Dividend Dogs ETF
Data updated: 2026-07-29
The net expense ratio is 0.36%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $196K in broker commissions, 0.0161% of average net assets, and portfolio turnover was 51%.
SDOG Fees and Expenses
Annual operating expenses and sales charges of SDOG. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.36% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.36% |
| Fee waiver | — |
| Net expense ratio | 0.36% |
| 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 |
SDOG Costs Over Time
On $10,000 invested in SDOG, assuming 5% a year before costs, total costs come to $238 over 5 years, cutting the return by 0.39% 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 0.36%) | $38 | $119 | $207 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $39 | $130 | $238 |
| Value after costs | $10,461 | $11,446 | $12,525 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
SDOG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0161%
- Total broker commissions: $196K
- Bought from dealers (principal trades, not a cost): $126.0M
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $11.7M
- Net income from securities lending: $11K (0.001% of average net assets)
SDOG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $177K | 90.18% |
| WALLACHBETH CAPITAL LLC | $13K | 6.41% |
| JONES TRADING | $7K | 3.41% |
SDOG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $58.2M | 46.20% |
| GOLDMAN SACHS & CO. LLC | $30.0M | 23.84% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $24.3M | 19.28% |
| JPMORGAN DISTRIBUTION SERVICES, INC. | $7.5M | 5.94% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $4.5M | 3.59% |
| JANE STREET CAPITAL, LLC | $1.4M | 1.14% |
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.