WBIG Fees and Costs — WBI BullBear Yield 3000 ETF
Data updated: 2026-09-10
The net expense ratio is 1.59% (1.62% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $108K in broker commissions, 0.3573% of average net assets, and portfolio turnover was 799%.
WBIG Fees and Expenses
Annual operating expenses and sales charges of WBIG. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.69% |
| Gross expense ratio | 1.62% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.59% |
| 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 |
WBIG Costs Over Time
On $10,000 invested in WBIG, assuming 5% a year before costs, total costs come to $1,195 over 5 years, cutting the return by 2.04% 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 1.59%) | $167 | $516 | $886 |
| Trading costs (broker commissions) | $38 | $116 | $199 |
| Lost growth on money paid in costs | $0 | $31 | $111 |
| Total costs | $204 | $663 | $1,195 |
| Value after costs | $10,296 | $10,913 | $11,568 |
| Impact on return, per year | 2.04% | 2.04% | 2.04% |
WBIG 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): 0.3573%
- Total broker commissions: $108K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 799%
- Securities on loan, average value: $4.0M
- Net income from securities lending: $14K (0.046% of average net assets)
WBIG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PUMA CAPITAL, LLC | $60K | 55.42% |
| MISCHLER FINANCIAL GROUP | $25K | 22.78% |
| WALL STREET MANAGEMENT CORPORATION | $23K | 21.72% |
| CRT CAPITAL GROUP | $91 | 0.08% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.