WBIY Fees and Costs — WBI Power Factor High Dividend ETF
Data updated: 2026-09-10
The net expense ratio is 0.97%: a 0.55% management fee plus 0.49% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $128K in broker commissions, 0.2245% of average net assets, and portfolio turnover was 141%.
WBIY Fees and Expenses
Annual operating expenses and sales charges of WBIY. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.97% |
| 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 |
WBIY Costs Over Time
On $10,000 invested in WBIY, assuming 5% a year before costs, total costs come to $744 over 5 years, cutting the return by 1.25% 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 0.97%) | $102 | $317 | $549 |
| Trading costs (broker commissions) | $24 | $73 | $127 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $410 | $744 |
| Value after costs | $10,375 | $11,166 | $12,019 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
WBIY 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): 0.2245%
- Total broker commissions: $128K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 141%
- Securities on loan, average value: $10.4M
- Net income from securities lending: $28K (0.049% of average net assets)
WBIY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PUMA CAPITAL, LLC | $80K | 62.88% |
| WALL STREET MANAGEMENT CORPORATION | $35K | 27.16% |
| MISCHLER FINANCIAL GROUP | $13K | 9.96% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.