SJCP Fees and Costs — SanJac Alpha Core Plus Bond ETF
Data updated: 2026-09-24
The net expense ratio is 0.65%. There are no sales loads or redemption fees. Portfolio turnover was 83%.
SJCP Fees and Expenses
Annual operating expenses and sales charges of SJCP. Prospectus, as of September 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 |
SJCP Costs Over Time
On $10,000 invested in SJCP, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% 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 0.65%) | $68 | $214 | $372 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
SJCP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $25.7M
- Portfolio turnover (prospectus): 83%
- Securities lending: none during the year
SJCP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $9.2M | 84.13% |
| CABRERA CAPITAL MARKETS LLC | $1.4M | 12.65% |
| GOLDMAN SACHS & CO. LLC | $250K | 2.28% |
| BMO NESBITT BURNS SECURITIES LTD. | $54K | 0.49% |
| HILLTOP SECURITIES INC. | $26K | 0.24% |
| TELSEY ADVISORY GROUP LLC | $22K | 0.20% |
| CRT CAPITAL GROUP LLC | $1K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.