Expense Ratio History

DFND expense ratio history

Siren DIVCON Dividend Defender ETF

Fund company
Siren ETF
Type
ETF

1.75%

In basis points
175 basis points
Yearly cost per $10,000
$175
Prospectus dated
29 July 2025, filed with the SEC; rounded to 0.01%
Last change
Raised from 1.63% on 29 July 2025

Fee over time

DFND expense ratio: 1.44% until 29 Jul 2021, then 1.61%; 1.61% until 29 Jul 2022, then 1.74%; 1.74% until 28 Jul 2023, then 1.89%; 1.89% until 29 Jul 2024, then 1.63%; 1.63% until 29 Jul 2025, then 1.75%; read at 1.75% on 29 Jul 2025.0.00%1.00%2.00%3.00%Oct 2020Aug 2021Jun 2022Apr 2023Feb 2024Dec 20241.44% before1.75% from 29 Jul 2025
DFND expense ratio: 1.44% until 29 Jul 2021, then 1.61%; 1.61% until 29 Jul 2022, then 1.74%; 1.74% until 28 Jul 2023, then 1.89%; 1.89% until 29 Jul 2024, then 1.63%; 1.63% until 29 Jul 2025, then 1.75%; read at 1.75% on 29 Jul 2025.0.00%1.00%2.00%3.00%Oct 2020Jun 2022Feb 20241.44% before1.75% from 29 Jul 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

DateFeeWhat happened
29 Jul 2025 1.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-07-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Jul 2025 1.75% Raised from 1.63% to 1.75%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-07-29
29 Jul 2024 1.63% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-07-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Jul 2024 1.63% Cut from 1.89% to 1.63%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-07-29
28 Jul 2023 1.89% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-07-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jul 2023 1.89% Raised from 1.74% to 1.89%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-07-28
29 Jul 2022 1.74% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-07-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
29 Jul 2022 1.74% Raised from 1.61% to 1.74%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2022-08-10
29 Jul 2021 1.61% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-07-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Jul 2021 1.61% Raised from 1.44% to 1.61%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-07-29
23 Nov 2020 1.44% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-11-23 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
15 Oct 2020 1.44% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-10-15 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.75% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$2,076 in fees over 10 years

After fees, $10,000 grows to $13,711.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$179
3 years$556
5 years$956
10 years$2,076

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 7 prospectuses for this share class since 2020. Each one is listed above with a link to the filing.

How we read fees

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