QPUX Fees and Costs — Defiance 2x Daily Long Pure Quantum ETF
Data updated: 2026-09-28
The net expense ratio is 1.29%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $35K in broker commissions, 0.1504% of average net assets, and portfolio turnover was 0%.
QPUX Fees and Expenses
Annual operating expenses and sales charges of QPUX. Prospectus, as of August 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.29% |
| Fee waiver | — |
| Net expense ratio | 1.29% |
| 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 |
QPUX Costs Over Time
On $10,000 invested in QPUX, assuming 5% a year before costs, total costs come to $893 over 5 years, cutting the return by 1.51% 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 1.29%) | $135 | $421 | $726 |
| Trading costs (broker commissions) | $16 | $49 | $85 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $151 | $493 | $893 |
| Value after costs | $10,349 | $11,083 | $11,870 |
| Impact on return, per year | 1.51% | 1.51% | 1.51% |
QPUX 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): 0.1504%
- Total broker commissions: $35K
- Bought from dealers (principal trades, not a cost): $11.1M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
QPUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MAREX CAPITAL MARKETS INC. | $35K | 100.00% |
QPUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL INC. | $1.9M | 16.86% |
| BMO CAPITAL MARKETS CORP. | $1.7M | 15.59% |
| WELLS FARGO SECURITIES LLC | $1.6M | 14.34% |
| RBC CAPITAL MARKETS LLC | $1.3M | 11.93% |
| JEFFERIES LLC | $1.2M | 10.84% |
| J.P. MORGAN SECURITIES LLC | $948K | 8.53% |
| MORGAN STANLEY & CO. LLC | $749K | 6.74% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $748K | 6.73% |
| GOLDMAN SACHS & CO. LLC | $615K | 5.53% |
| PERSHING LLC | $324K | 2.92% |
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.