SILJ Fees and Costs — ETFMG Prime Junior Silver Miners ETF
Data updated: 2024-02-28
The net expense ratio is 0.69%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1.7M in broker commissions, 0.2450% of average net assets, and portfolio turnover was 69%.
SILJ Fees and Expenses
Annual operating expenses and sales charges of SILJ. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
SILJ Costs Over Time
On $10,000 invested in SILJ, assuming 5% a year before costs, total costs come to $586 over 5 years, cutting the return by 0.98% 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 0.69%) | $72 | $226 | $393 |
| Trading costs (broker commissions) | $26 | $80 | $139 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $322 | $586 |
| Value after costs | $10,402 | $11,255 | $12,177 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
SILJ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.2450%
- Total broker commissions: $1.7M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
SILJ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Baypoint Trading LLC/Bass Trading, Bass Trading, BTIG LLC | $856K | 51.44% |
| Merrill Lynch Inc, BAML, Banc of America Capital Management Inc., Bank of America, Bank of America N.A. | $586K | 35.18% |
| Virtu Americas, LLC | $184K | 11.07% |
| Mizuho Securities USA, Miziho Securities USA Inc, BNY/Mizuho Securities USA Inc., Mizuho Trust & Banking Co. | $38K | 2.30% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.