SINV Fees and Costs — ETFMG Prime 2x Daily Inverse Junior Silver Miners ETF
Data updated: 2022-08-29
The net expense ratio is 0.95%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $20K in broker commissions, 1.8817% of average net assets, and portfolio turnover was 0%.
SINV Fees and Expenses
Annual operating expenses and sales charges of SINV. Prospectus, as of January 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| 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 |
SINV Costs Over Time
On $10,000 invested in SINV, assuming 5% a year before costs, total costs come to $1,708 over 5 years, cutting the return by 2.97% 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 0.95%) | $100 | $305 | $519 |
| Trading costs (broker commissions) | $198 | $605 | $1,029 |
| Lost growth on money paid in costs | $0 | $46 | $159 |
| Total costs | $297 | $956 | $1,708 |
| Value after costs | $10,203 | $10,620 | $11,055 |
| Impact on return, per year | 2.97% | 2.97% | 2.97% |
SINV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 1.8817%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
SINV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company LLC | $18K | 93.06% |
| National Financial Services LLC | $1K | 6.94% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.