TQQY Fees and Costs — GraniteShares YieldBOOST QQQ ETF
Data updated: 2026-09-11
The net expense ratio is 1.15%: a 0.99% management fee plus 6.26% other expenses, less a 6.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $322K in broker commissions, 3.5049% of average net assets, and portfolio turnover was 0%.
TQQY Fees and Expenses
Annual operating expenses and sales charges of TQQY. Prospectus, as of October 24, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 6.26% |
| Gross expense ratio | 7.25% |
| Fee waiver | −6.10% |
| Net expense ratio | 1.15% |
| 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 |
TQQY Costs Over Time
On $10,000 invested in TQQY, assuming 5% a year before costs, total costs come to $2,707 over 5 years, cutting the return by 4.89% 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 1.15%) | $121 | $363 | $605 |
| Trading costs (broker commissions) | $368 | $1,105 | $1,844 |
| Lost growth on money paid in costs | $0 | $75 | $257 |
| Total costs | $489 | $1,543 | $2,707 |
| Value after costs | $10,011 | $10,034 | $10,056 |
| Impact on return, per year | 4.89% | 4.89% | 4.89% |
TQQY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 3.5049%
- Total broker commissions: $322K
- Bought from dealers (principal trades, not a cost): $18.5M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
TQQY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Stonex Securities Inc. | $319K | 99.04% |
| JANE STREET CAPITAL, LLC | $3K | 0.96% |
TQQY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $18.5M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.