TXSS Fees and Costs — Texas Capital Texas Small Cap Equity Index ETF
Data updated: 2025-11-28
The net expense ratio is 0.49%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $2K in broker commissions, 0.0192% of average net assets, and portfolio turnover was 13%.
TXSS Fees and Expenses
Annual operating expenses and sales charges of TXSS. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| 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 |
TXSS Costs Over Time
On $10,000 invested in TXSS, assuming 5% a year before costs, total costs come to $322 over 5 years, cutting the return by 0.53% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $176 | $322 |
| Value after costs | $10,447 | $11,400 | $12,441 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
TXSS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0192%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
TXSS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Financial | $1K | 54.07% |
| Bank of America Merrill Lynch | $546 | 23.28% |
| Mirae Asset | $273 | 11.66% |
| Goldman Sachs | $101 | 4.33% |
| Jane Street | $96 | 4.10% |
| BTIG LLC | $60 | 2.55% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.