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ETFs are designed to be cost efficient. Unlike active mutual funds, whose objective is to beat a respective index, the NYSE Arca Tech 100 ETF is passively managed to match the performance of the Index. As a result of the passive management and low turnover in the Index, the ETF does not face many of the research and transaction expenses incurred by active money managers. These cost savings are then passed along to investors in the form of lower expense ratios.
The expense ratio for the NYSE Arca Tech 100 ETF is 0.50% per year. |
| Disclosure |
| The Advisor has contractually agreed to waive its advisory fees and reimburse the ETF for any service provider fees for the first of the year after inception so that total expenses will not exceed 50 bps. Without such subsidy total returns would be lower. |
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| NXT Activity |
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Intraday
AS OF 8:00 PM ET 5 Jan 2009 |
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| Last Sale |
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$0.00 |
| Volume |
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0 |
| IOPV |
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$0.00 |
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Daily
AS OF 2 Jan 2009 |
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| Closing Price |
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na |
| Net Asset Value (NAV) |
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$15.82 |
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