VALT Fees and Costs — ETFMG Sit Ultra Short ETF
Data updated: 2023-08-25
The net expense ratio is 0.30%. There are no sales loads or redemption fees. Portfolio turnover was 70%.
VALT Fees and Expenses
Annual operating expenses and sales charges of VALT. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| 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 |
VALT Costs Over Time
On $10,000 invested in VALT, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
VALT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $778.3M
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
VALT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Stifel Nicolaus & Co. Inc. | $81.0M | 24.54% |
| Market Axess, Marketaxess Corp | $47.6M | 14.42% |
| Arbor Trading Group | $39.1M | 11.86% |
| RBC CAPITAL MARKETS LLC | $31.4M | 9.52% |
| J.P. Morgan Chase, Chase Securities Inc., J.P. Morgan Securities LLC, Chase, Chase Bank, Chase Securities Inc. | $24.6M | 7.45% |
| Keybanc Capital Markets Inc | $23.0M | 6.96% |
| Mizuho Securities USA, Miziho Securities USA Inc, BNY/Mizuho Securities USA Inc., Mizuho Trust & Banking Co. | $23.0M | 6.96% |
| Merrill Lynch Inc, BAML, Banc of America Capital Management Inc., Bank of America, Bank of America N.A. | $22.5M | 6.83% |
| Goldman Sachs & Co, Benchmark, Benchmark Asset Management Inc, Benchmark Co. Inc. (The) | $20.9M | 6.33% |
| AMHERST PIERPONT SECURITIES LLC | $16.9M | 5.12% |
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.