The exact cost is not specified by HDIV, but the fee is not actually 0%. HDIV owns other Hamilton ETFs for which a management fee is charged and paid. So, Hamilton is not allowed to charge an additional fee on HDIV, on top of the ones it is already paying to itself by investing in other Hamilton products. Ex. Two of HDIV's largest holding are HFIN and QMAX. Both HFIN and QMAX charge a fee of 0.65% which HDIV has to pay by investing in them. HDIV is not allowed to charge an additional fee because it would essentially be double counting (charging for HDIV, a Hamilton product, then investing in other Hamilton products and charging another level of fees). So while HDIV states a 0% fee, investors are still paying some extent of fees on the funds HDIV invests in. However the fund does not actually state its total MER anywhere on its site.
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