IQSU Fees and Costs — NYLI Candriam U.S. Large Cap Equity ETF
Data updated: 2026-09-25
The net expense ratio is 0.09%: a 0.09% 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 $27K in broker commissions, 0.0091% of average net assets, and portfolio turnover was 31%.
IQSU Fees and Expenses
Annual operating expenses and sales charges of IQSU. Prospectus, as of August 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.09% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.10% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.09% |
| 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 |
IQSU Costs Over Time
On $10,000 invested in IQSU, assuming 5% a year before costs, total costs come to $63 over 5 years, cutting the return by 0.10% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $10 | $34 | $63 |
| Value after costs | $10,490 | $11,542 | $12,700 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
IQSU 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): 0.0091%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $310.7M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $2.4M
- Net income from securities lending: $4K (0.001% of average net assets)
IQSU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $16K | 59.34% |
| CITADEL SECURITIES LLC | $11K | 39.35% |
| INSTINET LLC | $353 | 1.32% |
IQSU Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $99.9M | 32.15% |
| CITADEL SECURITIES LLC | $73.9M | 23.77% |
| JANE STREET EXECUTION SERVICES, LLC | $68.4M | 22.01% |
| VIRTU AMERICAS LLC | $51.0M | 16.41% |
| BOFA SECURITIES, INC. | $16.3M | 5.24% |
| INSTINET, LLC | $1.1M | 0.34% |
| KELLANOVA | $228K | 0.07% |
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.