WSDB Fees and Costs — Weitz Short Duration Bond ETF
Data updated: 2026-09-24
The net expense ratio is 0.45%: a 0.40% management fee plus 5.29% other expenses, less a 5.24% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 2%.
WSDB Fees and Expenses
Annual operating expenses and sales charges of WSDB. Prospectus, as of September 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 5.29% |
| Gross expense ratio | 5.69% |
| Fee waiver | −5.24% |
| Net expense ratio | 0.45% |
| 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 |
WSDB Costs Over Time
On $10,000 invested in WSDB, assuming 5% a year before costs, total costs come to $285 over 5 years, cutting the return by 0.47% 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 0.45%) | $47 | $148 | $259 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $285 |
| Value after costs | $10,453 | $11,421 | $12,478 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
WSDB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $5.2M
- Portfolio turnover (prospectus): 2%
- Securities lending: none during the year
WSDB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Bank | $1.3M | 27.26% |
| Citadel Securities | $795K | 17.08% |
| CIBC World Markets | $650K | 13.96% |
| Bank of America Merrill Lynch | $548K | 11.77% |
| Goldman Sachs | $470K | 10.09% |
| Stonex Financial | $250K | 5.36% |
| Morgan Stanley Smith Barney | $205K | 4.40% |
| MarketAxess | $197K | 4.23% |
| Bank of Montreal | $137K | 2.93% |
| JPMorgan Chase | $135K | 2.91% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.