UAV Fees and Costs — AdvisorShares Drone Technology ETF
Data updated: 2023-05-22
The net expense ratio is 0.99%: a 0.64% management fee plus 46.51% other expenses, less a 46.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $234 in broker commissions, 0.0384% of average net assets, and portfolio turnover was 13%.
UAV Fees and Expenses
Annual operating expenses and sales charges of UAV. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.00% |
| Other expenses | 46.51% |
| Gross expense ratio | 47.15% |
| Fee waiver | −46.16% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
UAV Costs Over Time
On $10,000 invested in UAV, assuming 5% a year before costs, total costs come to $643 over 5 years, cutting the return by 1.08% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $353 | $643 |
| Value after costs | $10,392 | $11,223 | $12,120 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
UAV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0384%
- Total broker commissions: $234
- Bought from dealers (principal trades, not a cost): $590K
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $34K
- Net income from securities lending: $2K (0.329% of average net assets)
UAV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $234 | 100.00% |
UAV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $590K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.