IQIN Fees and Costs — IQ 500 International ETF
Data updated: 2024-12-23
The net expense ratio is 0.25%: a 0.25% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $45K in broker commissions, 0.0226% of average net assets, and portfolio turnover was 17%.
IQIN Fees and Expenses
Annual operating expenses and sales charges of IQIN. Prospectus, as of August 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.26% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.25% |
| 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 |
IQIN Costs Over Time
On $10,000 invested in IQIN, assuming 5% a year before costs, total costs come to $173 over 5 years, cutting the return by 0.29% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $4 | $16 |
| Total costs | $29 | $94 | $173 |
| Value after costs | $10,471 | $11,482 | $12,590 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
IQIN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0226%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): $50.5M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $7.4M
- Net income from securities lending: $38K (0.019% of average net assets)
IQIN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $42K | 93.71% |
| VIRTU AMERICAS LLC | $2K | 4.07% |
| MISCHLER FINANCIAL GROUP, INC. | $877 | 1.96% |
| CitiGroup Global Markets Inc. | $63 | 0.14% |
| STIFEL NICHOLAS & CO., INC. | $51 | 0.11% |
IQIN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $28.5M | 56.30% |
| J.P. Morgan Securities LLC | $21.3M | 42.13% |
| GOLDMAN SACHS & CO. LLC | $793K | 1.57% |
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.