This calculator is for illustrative purposes only and may not apply to your individual circumstances. Calculated value assumes the same daily balance for the year and multiplies it by the annual management fee of 0.15%.
The management fee is for services we provide, as well as clearing and custodial services provided by the custodian. The account holder is responsible for the management fee. The fee is paid quarterly in arrears and debited from your account. The management fee does not include the fees and expenses applicable to investment funds, including the fees and expenses that are reflected in the price of the ETF, which are deducted from the fund’s net asset value and are borne by the fund’s shareholders. For more information regarding the management fee and other costs associated with the program, click here.