AFDM Fees and Costs — First Trust RiverFront Dynamic Developed International ETF
Data updated: 2026-09-24
The net expense ratio is 0.80%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0030% of average net assets, and portfolio turnover was 3%.
AFDM Fees and Expenses
Annual operating expenses and sales charges of AFDM. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
AFDM Costs Over Time
On $10,000 invested in AFDM, assuming 5% a year before costs, total costs come to $504 over 5 years, cutting the return by 0.84% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $277 | $504 |
| Value after costs | $10,416 | $11,300 | $12,259 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
AFDM 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): 0.0030%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $44.2M
- Portfolio turnover (prospectus): 3%
- Securities lending: none during the year
AFDM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $2K | 44.19% |
| GOLDMAN SACHS & CO. LLC | $1K | 40.86% |
| BOFA SECURITIES, INC. | $466 | 13.12% |
| UBS Securities LLC | $65 | 1.83% |
AFDM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $26.4M | 59.82% |
| Jane Street Execution Services, LLC | $13.3M | 30.02% |
| UBS SECURITIES LLC | $3.7M | 8.39% |
| SHINKO ELECTRIC INDUSTRIES CO., LTD. | $392K | 0.89% |
| HARGREAVES LANSDOWN PLC | $390K | 0.88% |
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.