SPYT Fees and Costs — Defiance S&P 500 Income Target ETF
Data updated: 2026-07-27
The net expense ratio is 0.92%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $6K in broker commissions, 0.0235% of average net assets, and portfolio turnover was 31%.
SPYT Fees and Expenses
Annual operating expenses and sales charges of SPYT. Prospectus, as of December 22, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| 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 |
SPYT Costs Over Time
On $10,000 invested in SPYT, assuming 5% a year before costs, total costs come to $591 over 5 years, cutting the return by 0.99% 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 0.92%) | $97 | $302 | $523 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $325 | $591 |
| Value after costs | $10,401 | $11,252 | $12,172 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
SPYT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0235%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $10.7M
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
SPYT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA FINANCIAL GROUP LLLP | $6K | 98.07% |
| MAREX NORTH AMERICA SECURITIES LLC | $110 | 1.93% |
SPYT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA FINANCIAL GROUP LLLP | $10.7M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.