QQQN Fees and Costs — VictoryShares Nasdaq Next 50 ETF
Data updated: 2024-11-26
The net expense ratio is 0.18%: a 0.15% management fee plus 0.14% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $47K in broker commissions, 0.0769% of average net assets, and portfolio turnover was 63%.
QQQN Fees and Expenses
Annual operating expenses and sales charges of QQQN. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 0.29% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.18% |
| 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 | Yes |
QQQN Costs Over Time
On $10,000 invested in QQQN, assuming 5% a year before costs, total costs come to $163 over 5 years, cutting the return by 0.27% 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 0.18%) | $19 | $59 | $104 |
| Trading costs (broker commissions) | $8 | $25 | $44 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $89 | $163 |
| Value after costs | $10,473 | $11,487 | $12,600 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
QQQN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0769%
- Total broker commissions: $47K
- Bought from dealers (principal trades, not a cost): $91.0M
- Portfolio turnover (prospectus): 63%
- Securities on loan, average value: $432K
- Net income from securities lending: $62K (0.102% of average net assets)
QQQN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $26K | 55.06% |
| Susquehanna Securities | $20K | 42.56% |
| UBS Securities LLC | $989 | 2.11% |
| Academy Securities Inc. | $93 | 0.20% |
| BofA Securities, Inc. | $22 | 0.05% |
| Goldman Sachs & Co. LLC | $12 | 0.03% |
QQQN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $80.3M | 88.25% |
| RBC Capital Markets, LLC | $9.8M | 10.80% |
| J.P. Morgan Securities LLC | $666K | 0.73% |
| Goldman Sachs & Co. LLC | $197K | 0.22% |
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.