YQQQ Fees and Costs — YieldMax Short N100 Option Income Strategy ETF
Data updated: 2026-09-28
The net expense ratio is 1.11%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $10K in broker commissions, 0.0929% of average net assets, and portfolio turnover was 31%.
YQQQ Fees and Expenses
Annual operating expenses and sales charges of YQQQ. Prospectus, as of February 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.11% |
| Fee waiver | — |
| Net expense ratio | 1.11% |
| 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 |
YQQQ Costs Over Time
On $10,000 invested in YQQQ, assuming 5% a year before costs, total costs come to $749 over 5 years, cutting the return by 1.26% 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 1.11%) | $117 | $363 | $628 |
| Trading costs (broker commissions) | $10 | $30 | $53 |
| Lost growth on money paid in costs | $0 | $19 | $69 |
| Total costs | $126 | $413 | $749 |
| Value after costs | $10,374 | $11,164 | $12,013 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
YQQQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0929%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $26.8M
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
YQQQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $9K | 93.59% |
| WALLACHBETH CAPITAL LLC | $352 | 3.50% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $258 | 2.56% |
| CITADEL SECURITIES LLC | $35 | 0.35% |
YQQQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $20.5M | 76.45% |
| MORGAN STANLEY & CO. LLC | $3.7M | 13.95% |
| RBC CAPITAL MARKETS LLC | $994K | 3.70% |
| JEFFERIES LLC | $884K | 3.29% |
| PERSHING LLC | $698K | 2.60% |
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.