WBII Fees and Costs — WBI BullBear Global Income ETF
Data updated: 2023-09-11
The net expense ratio is 1.45%. There are no sales loads or redemption fees. Portfolio turnover was 331%.
WBII Fees and Expenses
Annual operating expenses and sales charges of WBII. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.45% |
| Fee waiver | — |
| Net expense ratio | 1.45% |
| 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 |
WBII Costs Over Time
On $10,000 invested in WBII, assuming 5% a year before costs, total costs come to $899 over 5 years, cutting the return by 1.52% 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 1.45%) | $152 | $473 | $816 |
| Lost growth on money paid in costs | $0 | $23 | $83 |
| Total costs | $152 | $496 | $899 |
| Value after costs | $10,348 | $11,080 | $11,864 |
| Impact on return, per year | 1.52% | 1.52% | 1.52% |
WBII Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 331%
- Securities on loan, average value: $2.1M
- Net income from securities lending: $15K (0.039% of average net assets)
WBII Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PUMA CAPITAL, LLC | $232K | 85.45% |
| WALL STREET MANAGEMENT CORPORATION | $39K | 14.55% |
WBII Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $80.4M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.