This study investigates how holding and transaction costs can affect the cost calculus of commission-free ETFs and provides a recommendation on how to minimize costs.
James A. DiLellio, PhD, MBA
, is an Associate Professor of Decision Sciences in the Graziadio School of Business and management at Pepperdine University. He holds a PhD in Applied Mathematics from Northwestern University, and a MBA from Pepperdine University. His current research interests are primarily in the area of nonlinear optimization, simulation, and Kalman filtering techniques for modeling investment problems. The application of this research covers portfolio management, retirement planning, commodity price modeling, and the analysis of investment strategies. He has published papers in Energy Economics, Journal of Economics and Finance, Journal of Investing, and Financial Services Review.