What are the total expense ratio, financing costs, and other fees associated with the QPUX ETF? | QPUX (Aug 07, 2025) | Candlesense
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What are the total expense ratio, financing costs, and other fees associated with the QPUX ETF?

Answer

The news release you provided announces the launch of the Defiance QPUX: 2X Leveraged ETF on Pure Quantum Companies (ticker QPUX) but it does not include any details about the fund’s cost structure—such as the total expense ratio (TER), financing costs, or other fees (e.g., transaction, custody, or performance fees).

What the news does tell us

  • ETF name: Defiance QPUX – 2X Leveraged ETF on Pure Quantum Companies
  • Ticker: QPUX
  • Category: ETF (leveraged)
  • Provider: Defiance (the sponsor)
  • Launch date: 2025‑08‑07

Information not disclosed in the release

  • Total Expense Ratio (TER) – the annual percentage of assets that covers management, distribution, and administrative expenses.
  • Financing costs – the cost of borrowing or using derivatives to achieve the 2× leverage (e.g., swap or futures financing, margin interest).
  • Other fees – such as custody, securities lending, transaction, or performance fees.

How to obtain the missing details

Because the expense‑ratio and fee information is not part of the brief news summary, you will need to consult one of the following sources:

Source How to Access What You’ll Find
ETF Prospectus (Form N‑1A) SEC’s EDGAR database or the sponsor’s website (Defiance/ETF.com) Full breakdown of the Management Fee, Distribution (12b‑1) Fee, Financing/Swap Costs, Custody & Accounting Fees, Other Operating Expenses, and the Composite TER.
ETF Fact Sheet Usually posted on the sponsor’s product page; often a PDF titled “QPUX Fact Sheet.” A concise table that lists the TER, Financing Cost (as a % of assets), Commission/Trading Costs, and any Performance/Incentive Fees.
ETF’s Website (e.g., Defiance.com or ETF.com) Search for “QPUX” on the site or on third‑party ETF data portals. Interactive fee calculator, historical financing cost disclosures, and any Expense Waiver or Fee Reduction programs.
Regulatory Filings (e.g., Form N‑CSR, N‑Q) SEC’s EDGAR or the sponsor’s investor relations portal. Annual or quarterly updates on actual expenses incurred, which can differ from the projected TER.

Typical cost structure for a 2× leveraged ETF (for context)

While we can’t give QPUX’s exact numbers without the prospectus, leveraged ETFs generally have higher cost components than traditional (unleveraged) ETFs because they must:

  1. Finance the leverage – using swaps, futures, or securities‑loan financing, which incurs a daily financing charge (often quoted as a “Financing Cost” or “Swap Rate”).
  2. Higher management fees – to cover the more complex portfolio operations and the sponsor’s leveraged‑ETF platform.
  3. Potential performance or incentive fees – some sponsors charge an extra fee if the ETF’s leveraged exposure exceeds a certain threshold.

As a rule of thumb, many 2× leveraged ETFs in the U.S. market report a TER in the range of 0.80% – 1.20% (i.e., 80–120 bps) plus a financing cost that can be 5% – 10% (50–100 bps) per year, depending on the underlying asset class and the financing method used. However, the exact figures for QPUX could be higher or lower.

Bottom line

  • The news article does not disclose the QPUX ETF’s total expense ratio, financing costs, or other fees.
  • To obtain the precise numbers, you’ll need to review the ETF’s official prospectus, fact sheet, or the sponsor’s website.
  • If you need a quick estimate, expect leveraged ETFs to carry a TER around 0.8–1.2% and a financing cost in the 5–10% range, but confirm the exact values for QPUX before making any investment decisions.

Other Questions About This News

What is the underlying index or basket of pure quantum companies that QPUX tracks, and what are its constituents? How does the 2× leveraged structure affect tracking error and volatility, especially in a nascent sector like quantum technology? How does the introduction of QPUX fit within broader market sentiment and the long‑term outlook for quantum computing adoption? How does QPUX compare to existing quantum or technology-focused ETFs and other leveraged ETFs in terms of performance and risk? What are the tax implications for investors holding a leveraged ETF like QPUX, especially with daily rebalancing? What regulatory considerations or approvals are required for a 2× leveraged ETF in this niche sector? What is the projected asset‑under‑management (AUM) and liquidity profile for QPUX, particularly in its early trading days? What is the anticipated demand from retail versus institutional investors for a leveraged quantum-sector product? What potential impact could launching QPUX have on the price and volatility of the underlying quantum company stocks?