SNAV Fees and Costs — Mohr Sector Nav ETF
Data updated: 2026-08-26
The net expense ratio is 1.59%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $34K in broker commissions, 0.0669% of average net assets, and portfolio turnover was 342%.
SNAV Fees and Expenses
Annual operating expenses and sales charges of SNAV. Prospectus, as of January 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.79% |
| Gross expense ratio | 1.59% |
| Fee waiver | — |
| Net expense ratio | 1.59% |
| 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 |
SNAV Costs Over Time
On $10,000 invested in SNAV, assuming 5% a year before costs, total costs come to $1,023 over 5 years, cutting the return by 1.74% 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 1.59%) | $167 | $517 | $891 |
| Trading costs (broker commissions) | $7 | $22 | $37 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $174 | $566 | $1,023 |
| Value after costs | $10,326 | $11,010 | $11,740 |
| Impact on return, per year | 1.74% | 1.74% | 1.74% |
SNAV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0669%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): $175.8M
- Portfolio turnover (prospectus): 342%
- Securities lending: none during the year
SNAV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS Mischler | $29K | 86.33% |
| Flow Traders | $2K | 4.96% |
| Clear Street LLC | $2K | 4.82% |
| Mischler Financial Group, Inc. | $721 | 2.15% |
| Berenberg, Joh. Gossler | $354 | 1.06% |
| Scotia Capital (USA) Inc. | $232 | 0.69% |
SNAV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $126.2M | 71.76% |
| Merrill Lynch Professional Clearing Corp | $31.9M | 18.17% |
| Virtu Americas LLC | $10.6M | 6.00% |
| GTS Mischler | $7.2M | 4.07% |
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.