SSLY Fees and Costs — Syntax Stratified SmallCap ETF
Data updated: 2024-08-21
The net expense ratio is 0.40% (0.45% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $20K in broker commissions, 0.1158% of average net assets, and portfolio turnover was 47%.
SSLY Fees and Expenses
Annual operating expenses and sales charges of SSLY. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.45% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SSLY Costs Over Time
On $10,000 invested in SSLY, assuming 5% a year before costs, total costs come to $326 over 5 years, cutting the return by 0.54% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $12 | $38 | $66 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $54 | $178 | $326 |
| Value after costs | $10,446 | $11,398 | $12,437 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
SSLY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1158%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
SSLY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $13K | 65.88% |
| Abel Noser, L.L.C. | $7K | 34.12% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.