ZECP Fees and Costs — Zacks Earnings Consistent Portfolio ETF
Data updated: 2026-07-24
The net expense ratio is 0.55%: a 0.44% management fee plus 0.11% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 12%.
ZECP Fees and Expenses
Annual operating expenses and sales charges of ZECP. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ZECP Costs Over Time
On $10,000 invested in ZECP, assuming 5% a year before costs, total costs come to $349 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $191 | $349 |
| Value after costs | $10,442 | $11,385 | $12,414 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
ZECP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0024%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $123.6M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
ZECP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP | $5K | 93.38% |
| GTS MISCHLER | $367 | 6.62% |
ZECP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $55.0M | 44.53% |
| BofA Securities, Inc. | $48.1M | 38.93% |
| VIRTU FINANCIAL inc | $14.2M | 11.47% |
| J.P. MORGAN SECURITIES LLC | $6.3M | 5.06% |
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.