ETQ Fees and Costs — T-Rex 2X Inverse Ether Daily Target ETF
Data updated: 2026-03-16
The net expense ratio is 0.95%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $27K in broker commissions, 1.7642% of average net assets, and portfolio turnover was 0%.
ETQ Fees and Expenses
Annual operating expenses and sales charges of ETQ. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ETQ Costs Over Time
On $10,000 invested in ETQ, assuming 5% a year before costs, total costs come to $1,641 over 5 years, cutting the return by 2.85% 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 0.95%) | $100 | $306 | $521 |
| Trading costs (broker commissions) | $185 | $568 | $967 |
| Lost growth on money paid in costs | $0 | $44 | $153 |
| Total costs | $285 | $917 | $1,641 |
| Value after costs | $10,215 | $10,659 | $11,122 |
| Impact on return, per year | 2.85% | 2.85% | 2.85% |
ETQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 1.7642%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
ETQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLEAR STREET LLC | $27K | 100.00% |
ETQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CLEAR STREET LLC | $1.1M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.