Net yield & total cost of ownership

Work out what a product’s yield is actually worth to you. Enter how much you plan to invest and how long you plan to hold it, and this shows what you keep after the management fee, the subscription cost and the redemption cost. Two products quoting the same headline yield can end up meaningfully apart once those are applied.

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Assumptions

Scenario

Pick the products first, then set the ticket and the holding period. Everything below is calculated from these three.

Products · 1/3

USTB

Allocation

$100.0K$100.0M

Holding period

One-off fees are charged once but annualised across this window, so a short hold amplifies them.

Result

Gross yield vs. net yield

$1.0M held for 90 days. Net APY is what reaches you after fund fees and one-off transaction costs.

Superstate Short Duration US Government Securities FundUSTBgross deriveddrag 0.15%

Gross4.26%

Net APY4.11%

Cost breakdown

Itemised over 90 days on $1.0M

Shown in money rather than percentages, so you can see what each fee costs on your ticket.

Line	USTB
Gross earnings	$10,504
Management fees	−$370
Subscription fee	-
Redemption fee	-
Net return	$10,134
Net APY	4.11%
Minimum investment	$100.0K

Gross yield is derived for products marked “gross derived”. Most issuers here publish a yield already net of fund fees, so gross is recovered as published yield plus the expense ratio. Run back through the model it returns the published net figure exactly, the derivation adds no drift, it only makes the fee visible as a line.

Sensitivity

Net APY by holding period

Subscription and redemption fees are charged once, then spread across your holding period. The shorter you hold, the more they cost you per year.

Product	30 days	90 days	180 days	365 days	3 years
USTBno transaction fees	4.11%	4.11%	4.11%	4.11%	4.11%

Free account

See what each fee actually costs you

Every charge itemised in money on your ticket size, plus net APY across holding periods from one month to three years.

No card. Free forever for reading.

Fund-level costs only. Platform, distributor and custody fees charged to you, FX on a non-base-currency allocation, and spread paid entering or exiting on a secondary venue all sit on top of this and are not modelled. Yields are point-in-time, not a forecast.