TAAG Fees and Costs — Trend Aggregation Growth ETF
Data updated: 2021-11-26
The net expense ratio is 1.69% (3.40% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $72K in broker commissions, 1.0076% of average net assets.
TAAG Fees and Expenses
Annual operating expenses and sales charges of TAAG. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.99% |
| Gross expense ratio | 3.40% |
| Fee waiver | −1.71% |
| Net expense ratio | 1.69% |
| 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 |
TAAG Costs Over Time
On $10,000 invested in TAAG, assuming 5% a year before costs, total costs come to $1,631 over 5 years, cutting the return by 2.83% 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 1.69%) | $177 | $544 | $927 |
| Trading costs (broker commissions) | $106 | $324 | $552 |
| Lost growth on money paid in costs | $0 | $44 | $152 |
| Total costs | $283 | $912 | $1,631 |
| Value after costs | $10,217 | $10,664 | $11,132 |
| Impact on return, per year | 2.83% | 2.83% | 2.83% |
TAAG 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): 1.0076%
- Total broker commissions: $72K
- Bought from dealers (principal trades, not a cost): $13.1M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
TAAG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL LLC | $10K | 15.84% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $8K | 13.33% |
| CAPITAL INSTITUTIONAL SERVICES | $8K | 12.23% |
| WEEDEN & CO. | $8K | 11.92% |
| NEEDHAM & COMPANY, LLC | $7K | 11.54% |
| WALL STREET ACCESS | $7K | 10.77% |
| BTIG, LLC. | $5K | 8.06% |
| MISCHLER FINANCIAL GROUP, INC. | $5K | 7.41% |
| CANACCORD GENUITY LLC | $3K | 4.97% |
| R.W.PRESSPRICH & CO. | $2K | 3.93% |
TAAG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $4.7M | 35.91% |
| BMO CAPITAL MARKETS CORP. | $3.3M | 25.37% |
| CITIGROUP GLOBAL MARKETS INC. | $1.8M | 13.76% |
| BEECH HILL SECURITIES | $774K | 5.96% |
| NEEDHAM & COMPANY, LLC | $769K | 5.92% |
| BTIG, LLC. | $718K | 5.52% |
| WEEDEN & CO. | $444K | 3.41% |
| MISCHLER FINANCIAL GROUP, INC. | $239K | 1.84% |
| R.W.PRESSPRICH & CO. | $177K | 1.36% |
| JEFFERIES LLC | $122K | 0.94% |
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.