USSE Fees and Costs — Segall Bryant & Hamill Select Equity ETF
Data updated: 2026-08-28
The net expense ratio is 0.65%: a 0.55% management fee plus 0.12% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $86K in broker commissions, 0.0331% of average net assets, and portfolio turnover was 150%.
USSE Fees and Expenses
Annual operating expenses and sales charges of USSE. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.65% |
| 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 | No |
USSE Costs Over Time
On $10,000 invested in USSE, assuming 5% a year before costs, total costs come to $430 over 5 years, cutting the return by 0.72% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $72 | $236 | $430 |
| Value after costs | $10,428 | $11,341 | $12,333 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
USSE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0331%
- Total broker commissions: $86K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 150%
- Securities lending: none during the year
USSE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc | $15K | 19.45% |
| Robert W Baird & Co Inc | $14K | 18.39% |
| BofA Securities Inc | $12K | 14.72% |
| Jeffries Group | $8K | 10.56% |
| JP Morgan Chase | $8K | 9.82% |
| GTS Securities LLC | $7K | 8.29% |
| Evercore Partners | $5K | 6.59% |
| Royal Bank of Canada Capital Markets | $4K | 4.75% |
| Oppenheimer & Co | $3K | 3.94% |
| Truist Securities | $3K | 3.52% |
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.