SMCO Fees and Costs — Hilton Small-MidCap Opportunity ETF
Data updated: 2026-09-28
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0118% of average net assets, and portfolio turnover was 26%.
SMCO Fees and Expenses
Annual operating expenses and sales charges of SMCO. Prospectus, as of February 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| 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 |
SMCO Costs Over Time
On $10,000 invested in SMCO, assuming 5% a year before costs, total costs come to $355 over 5 years, cutting the return by 0.59% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $194 | $355 |
| Value after costs | $10,441 | $11,382 | $12,408 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
SMCO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0118%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
SMCO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD & CO. INCORPORATED | $5K | 36.24% |
| PERSHING LLC | $4K | 31.60% |
| GOLDMAN SACHS & CO. LLC | $2K | 18.71% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $1K | 9.86% |
| TELSEY ADVISORY GROUP LLC | $459 | 3.60% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.