VSL Fees and Costs — Volshares Large Cap ETF
Data updated: 2022-06-28
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $110K in broker commissions, 0.9537% of average net assets, and portfolio turnover was 4781%.
VSL Fees and Expenses
Annual operating expenses and sales charges of VSL. Prospectus, as of May 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 |
VSL Costs Over Time
On $10,000 invested in VSL, assuming 5% a year before costs, total costs come to $991 over 5 years, cutting the return by 1.68% 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 | $212 | $365 |
| Trading costs (broker commissions) | $100 | $310 | $535 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $168 | $548 | $991 |
| Value after costs | $10,332 | $11,028 | $11,772 |
| Impact on return, per year | 1.68% | 1.68% | 1.68% |
VSL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.9537%
- Total broker commissions: $110K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 4781%
- Securities lending: none during the year
VSL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROSENBLATT SECURITIES, INC. | $99K | 89.48% |
| MISCHLER FINANCIAL GROUP, INC | $9K | 8.25% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $3K | 2.27% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.