How does an ETF provider charge a fee for creating and managing the shares?

Daily historical returns on the account level are expressed as changes in Net Asset Value. To see daily historical Net Asset Value information, clients can create a customized Portfolio Analyst report…

The Interest Accruals section shows interest accruals for each currency held and are converted to your base currency using the conversion rates in effect at the time of the transaction. Interest is paid and charged once a month after each month's close. We accrue interest daily during the month. When interest is actually posted to the account, the daily accruals are reversed. Interest accruals are a balance sheet item and are included in the Net Asset Value (NAV) in Base Currency section of the statement. …

In a Trump account during the growth period, funds must be invested in "eligible investments," which are:

• Mutual funds or ETFs that track broad U.S. market indexes (like the S&P 500)
• Funds that do not use leverage…

IBHK does not charge clients a separate fee to participate in the Money Market Sweep Program. However, the funds offered under the Program carry an expense ratio that is deducted from fund distributions before they are passed through to you. A portion of this expense ratio is received by IBHK as a distribution fee paid by the fund manager. Full details of the applicable fees for each fund are available in the fund prospectus, accessible to eligible clients through the Client Portal…