VGSR Fees and Costs — Vert Global Sustainable Real Estate ETF
Data updated: 2026-09-14
The net expense ratio is 0.45%: a 0.40% management fee plus 0.11% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $9K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 6%.
VGSR Fees and Expenses
Annual operating expenses and sales charges of VGSR. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.11% |
| Gross expense ratio | 0.51% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.45% |
| 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 | Yes |
VGSR Costs Over Time
On $10,000 invested in VGSR, assuming 5% a year before costs, total costs come to $286 over 5 years, cutting the return by 0.47% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $286 |
| Value after costs | $10,453 | $11,420 | $12,477 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
VGSR 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): 0.0019%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $73.9M
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $17.2M
- Net income from securities lending: $26K (0.006% of average net assets)
VGSR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Financial Capital Markets LLC | $8K | 48.08% |
| Jefferies LLC | $4K | 24.32% |
| Instinet, LLC | $2K | 12.83% |
| Goldman Sachs & Co., Inc. | $852 | 5.25% |
| UBS Securities LLC | $636 | 3.92% |
| Piper Sandler & Co. | $382 | 2.36% |
| DBS Vickers Securities (USA) Inc. | $322 | 1.99% |
| Citigroup Global Markets Inc. | $114 | 0.71% |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | $50 | 0.31% |
| BNP Paribas Securities Corp. | $39 | 0.24% |
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.