SEA Fees and Costs — U.S. Global Sea to Sky Cargo ETF
Data updated: 2026-08-27
The net expense ratio is 0.60%: a 0.60% management fee plus 1.72% other expenses, less a 1.72% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $33K in broker commissions, 0.4116% of average net assets, and portfolio turnover was 124%.
SEA Fees and Expenses
Annual operating expenses and sales charges of SEA. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.72% |
| Gross expense ratio | 2.32% |
| Fee waiver | −1.72% |
| Net expense ratio | 0.60% |
| 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 |
SEA Costs Over Time
On $10,000 invested in SEA, assuming 5% a year before costs, total costs come to $633 over 5 years, cutting the return by 1.06% 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 0.60%) | $63 | $197 | $341 |
| Trading costs (broker commissions) | $43 | $135 | $234 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $348 | $633 |
| Value after costs | $10,394 | $11,228 | $12,130 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
SEA 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): 0.4116%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 124%
- Securities on loan, average value: $638K
- Net income from securities lending: $7K (0.089% of average net assets)
SEA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS ASSET MANAGEMENT (US) INC. | $17K | 51.56% |
| UBS SECURITIES LLC | $15K | 46.98% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $230 | 0.70% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $151 | 0.46% |
| KOREA INVESTMENT & SECURITIES AMERICA INC. | $64 | 0.20% |
| GOLDMAN SACHS & CO. LLC | $31 | 0.09% |
| BOFAML SECURITIES, INC. | $1 | 0.00% |
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.