QQXT Fees and Costs — First Trust NASDAQ-100 Ex-Technology Sector Index Fund
Data updated: 2026-08-21
The net expense ratio is 0.57%: a 0.40% management fee plus 0.17% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $23K in broker commissions, 0.0034% of average net assets, and portfolio turnover was 16%.
QQXT Fees and Expenses
Annual operating expenses and sales charges of QQXT. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.57% |
| Fee waiver | — |
| Net expense ratio | 0.57% |
| 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 |
QQXT Costs Over Time
On $10,000 invested in QQXT, assuming 5% a year before costs, total costs come to $362 over 5 years, cutting the return by 0.60% 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 0.57%) | $60 | $188 | $327 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $198 | $362 |
| Value after costs | $10,440 | $11,378 | $12,401 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
QQXT 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): 0.0034%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
QQXT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| OLD MISSION MARKETS LLC | $9K | 41.47% |
| BTIG, LLC | $6K | 28.87% |
| BOFA SECURITIES, INC. | $5K | 22.67% |
| MIZUHO SECURITIES USA LLC | $1K | 4.89% |
| CITADEL SECURITIES LLC | $290 | 1.29% |
| CANTOR FITZGERALD & CO. | $182 | 0.81% |
QQXT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $684.1M | 28.13% |
| BOFA SECURITIES, INC. | $555.0M | 22.82% |
| BNP PARIBAS SECURITIES CORP. | $336.6M | 13.84% |
| JANE STREET CAPITAL, LLC | $246.5M | 10.14% |
| VIRTU AMERICAS LLC | $175.5M | 7.22% |
| CITADEL SECURITIES LLC | $169.9M | 6.99% |
| RBC CAPITAL MARKETS, LLC | $136.1M | 5.60% |
| UBS SECURITIES LLC | $68.1M | 2.80% |
| HRT FINANCIAL LP | $37.8M | 1.55% |
| CitiGroup Global Markets Inc. | $22.4M | 0.92% |
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.