QQQY Fees and Costs — Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF
Data updated: 2026-07-27
The net expense ratio is 1.01%: a 0.99% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $26K in broker commissions, 0.0117% of average net assets, and portfolio turnover was 0%.
QQQY Fees and Expenses
Annual operating expenses and sales charges of QQQY. Prospectus, as of December 17, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.01% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| 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 |
QQQY Costs Over Time
On $10,000 invested in QQQY, assuming 5% a year before costs, total costs come to $639 over 5 years, cutting the return by 1.07% 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 1.01%) | $106 | $331 | $574 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $107 | $351 | $639 |
| Value after costs | $10,393 | $11,225 | $12,124 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
QQQY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0117%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $264.6M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
QQQY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $9K | 34.68% |
| OLD MISSION MARKETS LLC | $9K | 33.10% |
| CANTOR FITZGERALD & CO. | $6K | 21.70% |
| STONEX FINANCIAL INC. | $3K | 10.04% |
| JANE STREET EXECUTION SERVICES LLC | $127 | 0.48% |
QQQY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $253.0M | 95.62% |
| STONEX FINANCIAL INC. | $11.6M | 4.38% |
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.