SSFI Fees and Costs — Day Hagan Smart Sector Fixed Income ETF
Data updated: 2026-09-28
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $11K in broker commissions, 0.0328% of average net assets, and portfolio turnover was 59%.
SSFI Fees and Expenses
Annual operating expenses and sales charges of SSFI. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
SSFI Costs Over Time
On $10,000 invested in SSFI, assuming 5% a year before costs, total costs come to $492 over 5 years, cutting the return by 0.82% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $270 | $492 |
| Value after costs | $10,418 | $11,307 | $12,271 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
SSFI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0328%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $51.0M
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
SSFI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $9K | 78.14% |
| Mischler Financial Group, Inc. | $2K | 21.86% |
SSFI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $19.2M | 37.73% |
| Goldman Sachs & Co. LLC | $16.5M | 32.40% |
| J.P. Morgan Securities LLC | $14.2M | 27.79% |
| Virtu Americas LLC | $1.1M | 2.08% |
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.