STGF Fees and Costs — Merk Stagflation ETF
Data updated: 2023-12-14
The net expense ratio is 0.44%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0591% of average net assets, and portfolio turnover was 84%.
STGF Fees and Expenses
Annual operating expenses and sales charges of STGF. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.44% |
| Fee waiver | — |
| Net expense ratio | 0.44% |
| 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 | No |
STGF Costs Over Time
On $10,000 invested in STGF, assuming 5% a year before costs, total costs come to $315 over 5 years, cutting the return by 0.52% 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 0.44%) | $46 | $145 | $253 |
| Trading costs (broker commissions) | $6 | $19 | $34 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $172 | $315 |
| Value after costs | $10,448 | $11,404 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
STGF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0591%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 84%
- Securities lending: none during the year
STGF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $936 | 90.61% |
| Virtu Financial Capital Markets LLC | $97 | 9.39% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.