QTPI Fees and Costs — North Square RCIM Tax-Advantaged Preferred and Income Securities ETF
Data updated: 2026-09-25
The net expense ratio is 0.60%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $14K in broker commissions, 0.0341% of average net assets, and portfolio turnover was 22%.
QTPI Fees and Expenses
Annual operating expenses and sales charges of QTPI. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
QTPI Costs Over Time
On $10,000 invested in QTPI, assuming 5% a year before costs, total costs come to $400 over 5 years, cutting the return by 0.67% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $219 | $400 |
| Value after costs | $10,433 | $11,357 | $12,363 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
QTPI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0341%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $13.8M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
QTPI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| R J O'BRIEN SECURITIES LLC | $12K | 87.58% |
| COWEN AND COMPANY LLC | $2K | 12.42% |
QTPI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| R J O'BRIEN SECURITIES LLC | $13.8M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.