SENT Fees and Costs — AdvisorShares Alpha DNA Equity Sentiment ETF
Data updated: 2023-11-27
The net expense ratio is 1.01%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $258K in broker commissions, 0.5830% of average net assets, and portfolio turnover was 537%.
SENT Fees and Expenses
Annual operating expenses and sales charges of SENT. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.76% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.01% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| 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 |
SENT Costs Over Time
On $10,000 invested in SENT, assuming 5% a year before costs, total costs come to $985 over 5 years, cutting the return by 1.67% 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 1.01%) | $106 | $329 | $567 |
| Trading costs (broker commissions) | $61 | $190 | $327 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $167 | $544 | $985 |
| Value after costs | $10,333 | $11,032 | $11,778 |
| Impact on return, per year | 1.67% | 1.67% | 1.67% |
SENT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.5830%
- Total broker commissions: $258K
- Bought from dealers (principal trades, not a cost): $39.9M
- Portfolio turnover (prospectus): 537%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $14K (0.032% of average net assets)
SENT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $258K | 100.00% |
SENT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $34.5M | 86.38% |
| J.P. Morgan Securities LLC | $3.1M | 7.85% |
| BOFA SECURITIES, INC. | $794K | 1.99% |
| VIRTU AMERICAS LLC | $769K | 1.93% |
| Jane Street Execution Services, LLC | $700K | 1.75% |
| Chord Energy Corp. | $41K | 0.10% |
| TD SECURITIES (USA) LLC | $4K | 0.01% |
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.