QQQS Fees and Costs — Invesco NASDAQ Future Gen 200 ETF
Data updated: 2026-07-30
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $26K in broker commissions, 0.3084% of average net assets, and portfolio turnover was 73%.
QQQS Fees and Expenses
Annual operating expenses and sales charges of QQQS. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
QQQS Costs Over Time
On $10,000 invested in QQQS, assuming 5% a year before costs, total costs come to $321 over 5 years, cutting the return by 0.53% 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 0.20%) | $21 | $66 | $115 |
| Trading costs (broker commissions) | $32 | $102 | $177 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $176 | $321 |
| Value after costs | $10,447 | $11,401 | $12,442 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
QQQS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.3084%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $5.7M
- Portfolio turnover (prospectus): 73%
- Securities on loan, average value: $994K
- Net income from securities lending: $56K (0.658% of average net assets)
QQQS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $19K | 71.18% |
| MORGAN STANLEY & CO. LLC | $6K | 21.41% |
| CITIGROUP GLOBAL MARKETS INC. | $867 | 3.32% |
| COWEN AND COMPANY | $756 | 2.89% |
| LOOP CAPITAL MARKETS LLC | $238 | 0.91% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $26 | 0.10% |
| RBC CAPITAL MARKETS, LLC | $15 | 0.06% |
| EVERCORE GROUP L.L.C. | $13 | 0.05% |
| WELLS FARGO SECURITIES, LLC | $11 | 0.04% |
| UBS SECURITIES LLC | $11 | 0.04% |
QQQS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ABN AMRO CLEARING CHICAGO LLC | $1.8M | 31.32% |
| MORGAN STANLEY & CO. LLC | $1.5M | 26.63% |
| GOLDMAN, SACHS & CO. | $1.4M | 24.89% |
| BNY MELLON CAPITAL MARKETS, LLC | $468K | 8.23% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $267K | 4.69% |
| VIRTU AMERICAS LLC | $240K | 4.23% |
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.