TOGA Fees and Costs — Tremblant Global ETF
Data updated: 2026-08-26
The net expense ratio is 0.69%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $43K in broker commissions, 0.0245% of average net assets, and portfolio turnover was 26%.
TOGA Fees and Expenses
Annual operating expenses and sales charges of TOGA. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
TOGA Costs Over Time
On $10,000 invested in TOGA, assuming 5% a year before costs, total costs come to $449 over 5 years, cutting the return by 0.75% 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $246 | $449 |
| Value after costs | $10,425 | $11,330 | $12,313 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
TOGA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0245%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
TOGA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Inc. | $40K | 92.97% |
| Mirae Asset Securities, Inc. | $2K | 5.25% |
| J.P. Morgan Securities, LLC | $763 | 1.78% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.