CQQQ Fees and Costs — Invesco China Technology ETF
Data updated: 2026-09-29
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $990K in broker commissions, 0.0769% of average net assets, and portfolio turnover was 37%.
CQQQ Fees and Expenses
Annual operating expenses and sales charges of CQQQ. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CQQQ Costs Over Time
On $10,000 invested in CQQQ, assuming 5% a year before costs, total costs come to $457 over 5 years, cutting the return by 0.76% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.65%) | $68 | $214 | $371 |
| Trading costs (broker commissions) | $8 | $25 | $44 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $251 | $457 |
| Value after costs | $10,424 | $11,326 | $12,306 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
CQQQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0769%
- Total broker commissions: $990K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $86.4M
- Net income from securities lending: $727K (0.056% of average net assets)
CQQQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $407K | 41.14% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $194K | 19.63% |
| UBS SECURITIES LLC | $184K | 18.58% |
| MACQUARIE CAPITAL (USA) INC. | $111K | 11.19% |
| GOLDMAN, SACHS & CO. | $70K | 7.12% |
| Jefferies Hong Kong Limited | $14K | 1.45% |
| CITIC SECURITIES INTERNATIONAL USA, LLC | $4K | 0.38% |
| MIZUHO SECURITIES USA LLC | $2K | 0.21% |
| GUZMAN & COMPANY | $2K | 0.16% |
| BARCLAYS CAPITAL INC. | $1K | 0.13% |
CQQQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $1.6B | 86.80% |
| MORGAN STANLEY & CO. LLC | $96.9M | 5.21% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $62.5M | 3.36% |
| MACQUARIE CAPITAL (USA) INC. | $38.6M | 2.07% |
| UBS SECURITIES LLC | $27.6M | 1.48% |
| GOLDMAN, SACHS & CO. | $19.1M | 1.03% |
| MIZUHO SECURITIES USA LLC | $789K | 0.04% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.