QQH Fees and Costs — HCM Defender 100 Index ETF
Data updated: 2026-09-11
The net expense ratio is 0.98%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $52K in broker commissions, 0.0077% of average net assets, and portfolio turnover was 165%.
QQH Fees and Expenses
Annual operating expenses and sales charges of QQH. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.98% |
| Fee waiver | — |
| Net expense ratio | 0.98% |
| 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 |
QQH Costs Over Time
On $10,000 invested in QQH, assuming 5% a year before costs, total costs come to $618 over 5 years, cutting the return by 1.04% 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 0.98%) | $103 | $321 | $557 |
| Trading costs (broker commissions) | $1 | $3 | $4 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $618 |
| Value after costs | $10,396 | $11,237 | $12,145 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
QQH Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0077%
- Total broker commissions: $52K
- Bought from dealers (principal trades, not a cost): $553.4M
- Portfolio turnover (prospectus): 165%
- Securities lending: none during the year
QQH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group, Inc. | $52K | 100.00% |
QQH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co LLC | $507.4M | 91.68% |
| Virtu Americas LLC | $27.4M | 4.96% |
| Bofa Securities, Inc. | $18.6M | 3.36% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.