THY Fees and Costs — Toews Agility Shares Dynamic Tactical Income ETF
Data updated: 2026-09-28
The net expense ratio is 1.04% (1.27% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $73K in broker commissions, 0.1196% of average net assets, and portfolio turnover was 414%.
THY Fees and Expenses
Annual operating expenses and sales charges of THY. Prospectus, as of August 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.04% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
THY Costs Over Time
On $10,000 invested in THY, assuming 5% a year before costs, total costs come to $723 over 5 years, cutting the return by 1.22% 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 1.04%) | $109 | $340 | $589 |
| Trading costs (broker commissions) | $13 | $39 | $68 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $122 | $398 | $723 |
| Value after costs | $10,378 | $11,178 | $12,040 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
THY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1196%
- Total broker commissions: $73K
- Bought from dealers (principal trades, not a cost): $52.1M
- Portfolio turnover (prospectus): 414%
- Securities lending: none during the year
THY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group, Inc. | $37K | 50.91% |
| Maxim Group | $36K | 49.09% |
THY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JP Morgan Chase | $31.8M | 61.04% |
| Goldman Sachs | $18.7M | 35.84% |
| VIRTUS Americas LLC | $1.6M | 3.12% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.