ZSB Fees and Costs — USCF Sustainable Battery Metals Strategy Fund
Data updated: 2026-09-11
The net expense ratio is 0.59% (0.79% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $398 in broker commissions, 0.0137% of average net assets, and portfolio turnover was 138%.
ZSB Fees and Expenses
Annual operating expenses and sales charges of ZSB. Prospectus, as of January 5, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.59% |
| 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 | No |
ZSB Costs Over Time
On $10,000 invested in ZSB, assuming 5% a year before costs, total costs come to $381 over 5 years, cutting the return by 0.63% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $208 | $381 |
| Value after costs | $10,437 | $11,368 | $12,382 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
ZSB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0137%
- Total broker commissions: $398
- Bought from dealers (principal trades, not a cost): $11.5M
- Portfolio turnover (prospectus): 138%
- Securities lending: none during the year
ZSB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Pershing LLC | $397 | 99.75% |
| NH Investment & Securities America, Inc. | $1 | 0.25% |
ZSB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $7.9M | 68.85% |
| RBC CAPITAL MARKETS, LLC | $3.6M | 31.15% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.