TWEB Fees and Costs — SoFi Web 3 ETF
Data updated: 2024-01-29
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $2K in broker commissions, 0.1548% of average net assets, and portfolio turnover was 55%.
TWEB Fees and Expenses
Annual operating expenses and sales charges of TWEB. Prospectus, as of June 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
TWEB Costs Over Time
On $10,000 invested in TWEB, assuming 5% a year before costs, total costs come to $468 over 5 years, cutting the return by 0.78% 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 0.59%) | $62 | $194 | $337 |
| Trading costs (broker commissions) | $16 | $51 | $88 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $257 | $468 |
| Value after costs | $10,422 | $11,320 | $12,295 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
TWEB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1548%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $60K
- Net income from securities lending: $6K (0.506% of average net assets)
TWEB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $1K | 74.26% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $410 | 21.67% |
| BTIG LLC | $66 | 3.47% |
| GTS SECURITIES LLC | $11 | 0.58% |
| MISCHLER FINANCIAL GROUP INC. | $0 | 0.02% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.