WKLY Fees and Costs — SoFi Weekly Dividend ETF
Data updated: 2024-01-29
The net expense ratio is 0.49%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $4K in broker commissions, 0.0413% of average net assets, and portfolio turnover was 69%.
WKLY Fees and Expenses
Annual operating expenses and sales charges of WKLY. Prospectus, as of June 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| 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 |
WKLY Costs Over Time
On $10,000 invested in WKLY, assuming 5% a year before costs, total costs come to $335 over 5 years, cutting the return by 0.56% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $184 | $335 |
| Value after costs | $10,444 | $11,393 | $12,427 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
WKLY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0413%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $40K
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $374K
- Net income from securities lending: $798 (0.009% of average net assets)
WKLY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG LLC | $3K | 75.93% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $908 | 23.74% |
| GOLDMAN SACHS & CO. LLC | $13 | 0.33% |
WKLY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BTIG LLC | $40K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.