SNTH Fees and Costs — MRP SynthEquity ETF
Data updated: 2026-08-26
The net expense ratio is 0.96%: a 0.95% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $14K in broker commissions, 0.0226% of average net assets, and portfolio turnover was 19%.
SNTH Fees and Expenses
Annual operating expenses and sales charges of SNTH. Prospectus, as of April 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.96% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| 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 |
SNTH Costs Over Time
On $10,000 invested in SNTH, assuming 5% a year before costs, total costs come to $615 over 5 years, cutting the return by 1.03% 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 0.96%) | $101 | $315 | $546 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $338 | $615 |
| Value after costs | $10,397 | $11,238 | $12,148 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
SNTH 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): 0.0226%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $209.9M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
SNTH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL LLC | $14K | 99.64% |
| BOFA SECURITIES INC. | $42 | 0.30% |
| STONEX FINANCIAL INC. | $8 | 0.06% |
SNTH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. INC. | $61.3M | 31.11% |
| STONEX | $40.0M | 20.33% |
| BMO CAPITAL MARKETS CORP. | $30.1M | 15.26% |
| U.S. BANCORP INVESTMENTS INC. | $28.3M | 14.38% |
| RBC CAPITAL MARKETS LLC | $10.6M | 5.37% |
| WELLS FARGO SECURITIES LLC | $7.9M | 4.01% |
| GOLDMAN SACHS & CO | $6.5M | 3.31% |
| BOFA SECURITIES INC. | $4.6M | 2.33% |
| BNP PARIBAS SECURITIES CORP. | $4.5M | 2.27% |
| CITADEL SECURITIES LLC | $3.2M | 1.63% |
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.