URNM Fees and Costs — North Shore Global Uranium Mining ETF
Data updated: 2022-04-28
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $107K in broker commissions, 0.0051% of average net assets, and portfolio turnover was 28%.
URNM Fees and Expenses
Annual operating expenses and sales charges of URNM. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| 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 |
URNM Costs Over Time
On $10,000 invested in URNM, assuming 5% a year before costs, total costs come to $536 over 5 years, cutting the return by 0.90% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $294 | $536 |
| Value after costs | $10,410 | $11,282 | $12,226 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
URNM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0051%
- Total broker commissions: $107K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
URNM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL | $75K | 70.33% |
| BTIG | $32K | 29.64% |
| ITG | $33 | 0.03% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.