VR Fees and Costs — Global X Metaverse ETF
Data updated: 2024-02-13
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $237 in broker commissions, 0.0106% of average net assets, and portfolio turnover was 31%.
VR Fees and Expenses
Annual operating expenses and sales charges of VR. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
VR Costs Over Time
On $10,000 invested in VR, assuming 5% a year before costs, total costs come to $323 over 5 years, cutting the return by 0.54% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $54 | $176 | $323 |
| Value after costs | $10,446 | $11,400 | $12,440 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
VR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0106%
- Total broker commissions: $237
- Bought from dealers (principal trades, not a cost): $199K
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
VR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MIDWEST RESEARCH SECURITIES | $114 | 48.39% |
| BTIG LLC | $110 | 46.65% |
| GOLDMAN SACHS & CO | $6 | 2.67% |
| CITIGROUP | $5 | 2.30% |
VR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP | $100K | 50.00% |
| GOLDMAN SACHS & CO | $100K | 50.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.