SILX Fees and Costs — ETFMG Prime 2x Daily Junior Silver Miners ETF
Data updated: 2023-08-25
The net expense ratio is 0.97%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $71K in broker commissions, 4.2750% of average net assets, and portfolio turnover was 0%.
SILX Fees and Expenses
Annual operating expenses and sales charges of SILX. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| Net expense ratio | 0.97% |
| 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 |
SILX Costs Over Time
On $10,000 invested in SILX, assuming 5% a year before costs, total costs come to $3,014 over 5 years, cutting the return by 5.51% 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 0.97%) | $102 | $304 | $504 |
| Trading costs (broker commissions) | $449 | $1,340 | $2,222 |
| Lost growth on money paid in costs | $0 | $84 | $288 |
| Total costs | $551 | $1,728 | $3,014 |
| Value after costs | $9,949 | $9,849 | $9,749 |
| Impact on return, per year | 5.51% | 5.51% | 5.51% |
SILX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 4.2750%
- Total broker commissions: $71K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
SILX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $71K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.