WLTH Fees and Costs — LifeGoal Wealth Builder ETF
Data updated: 2023-07-07
The net expense ratio is 0.34% (10.55% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $611 in broker commissions, 0.0310% of average net assets, and portfolio turnover was 91%.
WLTH Fees and Expenses
Annual operating expenses and sales charges of WLTH. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | — |
| Other expenses | 9.87% |
| Gross expense ratio | 10.55% |
| Fee waiver | −10.20% |
| Net expense ratio | 0.34% |
| 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 |
WLTH Costs Over Time
On $10,000 invested in WLTH, assuming 5% a year before costs, total costs come to $235 over 5 years, cutting the return by 0.39% 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 0.34%) | $36 | $112 | $196 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $128 | $235 |
| Value after costs | $10,461 | $11,448 | $12,528 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
WLTH Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0310%
- Total broker commissions: $611
- Bought from dealers (principal trades, not a cost): $4.7M
- Portfolio turnover (prospectus): 91%
- Securities lending: none during the year
WLTH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $372 | 60.88% |
| Bloomberg | $231 | 37.81% |
| Virtu Americas LLC | $8 | 1.31% |
WLTH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $4.7M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.