SMIG Fees and Costs — Bahl & Gaynor Small/Mid Cap Income Growth ETF
Data updated: 2026-08-28
The net expense ratio is 0.60%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $198K in broker commissions, 0.0191% of average net assets, and portfolio turnover was 17%.
SMIG Fees and Expenses
Annual operating expenses and sales charges of SMIG. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
SMIG Costs Over Time
On $10,000 invested in SMIG, assuming 5% a year before costs, total costs come to $390 over 5 years, cutting the return by 0.65% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $390 |
| Value after costs | $10,435 | $11,363 | $12,373 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
SMIG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0191%
- Total broker commissions: $198K
- Bought from dealers (principal trades, not a cost): $70.4M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
SMIG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $43K | 22.15% |
| RBC CAPITAL MARKETS, LLC | $36K | 18.69% |
| PIPER SANDLER & CO. | $23K | 11.83% |
| BTIG, LLC | $20K | 10.55% |
| MORGAN STANLEY & CO. LLC | $20K | 10.13% |
| J.P. MORGAN SECURITIES LLC | $19K | 9.57% |
| KEYBANC CAPITAL MARKETS INC. | $18K | 9.18% |
| ISI FINANCIAL GROUP | $5K | 2.79% |
| WELLS FARGO SECURITIES LLC | $5K | 2.56% |
| GOLDMAN SACHS & CO. LLC | $5K | 2.54% |
SMIG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $70.4M | 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.