SPQQ Fees and Costs — Siren Large Cap Blend Index ETF
Data updated: 2022-02-24
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $23 in broker commissions, 0.0011% of average net assets, and portfolio turnover was 61%.
SPQQ Fees and Expenses
Annual operating expenses and sales charges of SPQQ. Prospectus, as of July 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
SPQQ Costs Over Time
On $10,000 invested in SPQQ, assuming 5% a year before costs, total costs come to $128 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $70 | $128 |
| Value after costs | $10,479 | $11,507 | $12,635 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
SPQQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0011%
- Total broker commissions: $23
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
SPQQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BROAD STREET CAPITAL MARKETS, LLC | $18 | 78.26% |
| RBC CAPITAL MARKETS, LLC | $5 | 21.74% |
SPQQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROAD STREET CAPITAL MARKETS, LLC | $1.6M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.