VEGA Fees and Costs — AdvisorShares STAR Global Buy-Write ETF
Data updated: 2026-09-10
The net expense ratio is 1.25%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $7K in broker commissions, 0.0090% of average net assets, and portfolio turnover was 15%.
VEGA Fees and Expenses
Annual operating expenses and sales charges of VEGA. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.25% |
| Fee waiver | — |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
VEGA Costs Over Time
On $10,000 invested in VEGA, assuming 5% a year before costs, total costs come to $783 over 5 years, cutting the return by 1.32% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $432 | $783 |
| Value after costs | $10,368 | $11,144 | $11,979 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
VEGA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0090%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $13.6M
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $9.2M
- Net income from securities lending: $27K (0.036% of average net assets)
VEGA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS, LLC | $7K | 100.00% |
VEGA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $8.6M | 63.20% |
| GOLDMAN SACHS & CO. LLC | $4.3M | 31.50% |
| Jane Street Execution Services, LLC | $722K | 5.30% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.