UBCB Fees and Costs — UBC Algorithmic Fundamentals ETF
Data updated: 2023-03-30
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $3K in broker commissions, 0.2075% of average net assets, and portfolio turnover was 253%.
UBCB Fees and Expenses
Annual operating expenses and sales charges of UBCB. Prospectus, as of November 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
UBCB Costs Over Time
On $10,000 invested in UBCB, assuming 5% a year before costs, total costs come to $599 over 5 years, cutting the return by 1.01% 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 0.75%) | $79 | $246 | $426 |
| Trading costs (broker commissions) | $22 | $68 | $118 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $329 | $599 |
| Value after costs | $10,399 | $11,247 | $12,163 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
UBCB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.2075%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $2.8M
- Portfolio turnover (prospectus): 253%
- Securities lending: none during the year
UBCB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $2K | 65.29% |
| GTS Securities LLC | $767 | 27.82% |
| Jane Street Capital, LLC | $150 | 5.44% |
| BTIG, LLC. | $40 | 1.45% |
UBCB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $2.8M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.