IQSI Fees and Costs — NYLI Candriam International Equity ETF
Data updated: 2026-09-25
The net expense ratio is 0.15%: a 0.15% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $52K in broker commissions, 0.0239% of average net assets, and portfolio turnover was 14%.
IQSI Fees and Expenses
Annual operating expenses and sales charges of IQSI. Prospectus, as of August 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.16% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.15% |
| 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 |
IQSI Costs Over Time
On $10,000 invested in IQSI, assuming 5% a year before costs, total costs come to $111 over 5 years, cutting the return by 0.18% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $18 | $60 | $111 |
| Value after costs | $10,482 | $11,516 | $12,652 |
| Impact on return, per year | 0.18% | 0.18% | 0.18% |
IQSI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0239%
- Total broker commissions: $52K
- Bought from dealers (principal trades, not a cost): $45.5M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $4.8M
- Net income from securities lending: $20K (0.009% of average net assets)
IQSI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $52K | 99.77% |
| CITADEL SECURITIES LLC | $114 | 0.22% |
| VIRTU AMERICAS LLC | $7 | 0.01% |
IQSI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $18.9M | 41.56% |
| J.P. Morgan Securities LLC | $14.6M | 32.07% |
| BOFA SECURITIES, INC. | $6.9M | 15.18% |
| MORGAN STANLEY & CO. LLC | $5.1M | 11.19% |
| ESR GROUP LTD | $303 | 0.00% |
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.