QQEW Fees and Costs — First Trust Nasdaq-100 Select Equal Weight ETF
Data updated: 2026-08-21
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $199K in broker commissions, 0.0107% of average net assets, and portfolio turnover was 58%.
QQEW Fees and Expenses
Annual operating expenses and sales charges of QQEW. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
QQEW Costs Over Time
On $10,000 invested in QQEW, assuming 5% a year before costs, total costs come to $354 over 5 years, cutting the return by 0.59% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $194 | $354 |
| Value after costs | $10,441 | $11,383 | $12,409 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
QQEW 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): 0.0107%
- Total broker commissions: $199K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $4.3M
- Net income from securities lending: $18K (0.001% of average net assets)
QQEW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $138K | 69.30% |
| MIZUHO SECURITIES USA LLC | $22K | 11.23% |
| J.P. MORGAN SECURITIES LLC | $19K | 9.32% |
| OLD MISSION MARKETS LLC | $16K | 8.24% |
| CITADEL SECURITIES LLC | $4K | 1.91% |
| CANTOR FITZGERALD & CO. | $7 | 0.00% |
QQEW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $1.3B | 66.09% |
| GOLDMAN SACHS & CO. LLC | $350.2M | 17.81% |
| JANE STREET CAPITAL, LLC | $83.1M | 4.23% |
| CITADEL SECURITIES LLC | $66.1M | 3.36% |
| VIRTU AMERICAS LLC | $62.0M | 3.15% |
| BNP PARIBAS SECURITIES CORP. | $59.2M | 3.01% |
| RBC CAPITAL MARKETS, LLC | $39.2M | 1.99% |
| ABN AMRO Clearing USA LLC | $7.1M | 0.36% |
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.