WIZ Fees and Costs — Merlyn.AI Bull-Rider Bear-Fighter ETF
Data updated: 2023-12-14
The net expense ratio is 1.20%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $61K in broker commissions, 0.2876% of average net assets, and portfolio turnover was 619%.
WIZ Fees and Expenses
Annual operating expenses and sales charges of WIZ. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.20% |
| Fee waiver | — |
| Net expense ratio | 1.20% |
| 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 |
WIZ Costs Over Time
On $10,000 invested in WIZ, assuming 5% a year before costs, total costs come to $921 over 5 years, cutting the return by 1.56% 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 1.20%) | $126 | $391 | $675 |
| Trading costs (broker commissions) | $30 | $94 | $162 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $156 | $509 | $921 |
| Value after costs | $10,344 | $11,067 | $11,841 |
| Impact on return, per year | 1.56% | 1.56% | 1.56% |
WIZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.2876%
- Total broker commissions: $61K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 619%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $29K (0.138% of average net assets)
WIZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $39K | 63.44% |
| RBC CAPITAL MARKETS, LLC | $13K | 21.86% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $9K | 14.70% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.