TGN Fees and Costs — AXS Brendan Wood TopGun ETF
Data updated: 2023-11-22
The net expense ratio is 1.73%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $253 in broker commissions, 0.0175% of average net assets, and portfolio turnover was 51%.
TGN Fees and Expenses
Annual operating expenses and sales charges of TGN. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.98% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.73% |
| Fee waiver | — |
| Net expense ratio | 1.73% |
| 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 |
TGN Costs Over Time
On $10,000 invested in TGN, assuming 5% a year before costs, total costs come to $1,077 over 5 years, cutting the return by 1.83% 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 1.73%) | $182 | $562 | $968 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $183 | $596 | $1,077 |
| Value after costs | $10,317 | $10,980 | $11,686 |
| Impact on return, per year | 1.83% | 1.83% | 1.83% |
TGN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0175%
- Total broker commissions: $253
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
TGN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| The Depository Trust Company | $146 | 57.71% |
| Goldman Sachs and Co. LLC | $107 | 42.29% |
TGN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Depository Trust Company | $1.5M | 87.85% |
| Goldman Sachs and Co. LLC | $212K | 12.15% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.