TEGS Fees and Costs — Trend Aggregation ESG ETF
Data updated: 2022-02-28
The net expense ratio is 1.43% (2.24% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $113K in broker commissions, 0.6851% of average net assets.
TEGS Fees and Expenses
Annual operating expenses and sales charges of TEGS. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.09% |
| Gross expense ratio | 2.24% |
| Fee waiver | −0.81% |
| Net expense ratio | 1.43% |
| 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 |
TEGS Costs Over Time
On $10,000 invested in TEGS, assuming 5% a year before costs, total costs come to $1,294 over 5 years, cutting the return by 2.22% 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 1.43%) | $150 | $463 | $794 |
| Trading costs (broker commissions) | $72 | $222 | $380 |
| Lost growth on money paid in costs | $0 | $34 | $120 |
| Total costs | $222 | $719 | $1,294 |
| Value after costs | $10,278 | $10,857 | $11,469 |
| Impact on return, per year | 2.22% | 2.22% | 2.22% |
TEGS 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): 0.6851%
- Total broker commissions: $113K
- Bought from dealers (principal trades, not a cost): $20.2M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
TEGS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONESTRADING INSTITUTIONAL SERVICES LLC | $18K | 16.73% |
| CAPITAL INSTITUTIONAL SERVICES | $14K | 12.98% |
| R.W.PRESSPRICH & CO. | $13K | 12.15% |
| MISCHLER FINANCIAL GROUP, INC. | $12K | 11.76% |
| WALLACHBETH CAPITAL LLC | $12K | 10.99% |
| WEEDEN & CO. | $11K | 10.78% |
| NEEDHAM & COMPANY, LLC | $11K | 10.17% |
| WEDBUSH SECURITIES | $6K | 5.22% |
| TRADE STATION | $5K | 4.63% |
| BTIG, LLC. | $5K | 4.59% |
TEGS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $16.3M | 80.71% |
| BMO CAPITAL MARKETS CORP. | $3.3M | 16.47% |
| NEEDHAM & COMPANY, LLC | $331K | 1.64% |
| R.W.PRESSPRICH & CO. | $123K | 0.61% |
| MISCHLER FINANCIAL GROUP, INC. | $115K | 0.57% |
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.