XVOL Fees and Costs — Acruence Active Hedge U.S. Equity ETF
Data updated: 2026-06-10
The net expense ratio is 0.83%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0638% of average net assets, and portfolio turnover was 361%.
XVOL Fees and Expenses
Annual operating expenses and sales charges of XVOL. Prospectus, as of July 24, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.83% |
| Fee waiver | — |
| Net expense ratio | 0.83% |
| 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 |
XVOL Costs Over Time
On $10,000 invested in XVOL, assuming 5% a year before costs, total costs come to $560 over 5 years, cutting the return by 0.94% 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $15 | $51 |
| Total costs | $94 | $308 | $560 |
| Value after costs | $10,406 | $11,269 | $12,203 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
XVOL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0638%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 361%
- Securities lending: none during the year
XVOL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $2K | 81.54% |
| ROBERT W. BAIRD & CO. INCORPORATED | $182 | 9.72% |
| PERSHING LLC | $82 | 4.37% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $80 | 4.30% |
| NATIONAL FINANCIAL SERVICES LLC | $1 | 0.07% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.