AFMC Fees and Costs — First Trust Active Factor Mid Cap ETF
Data updated: 2026-07-22
The net expense ratio is 0.68%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8K in broker commissions, 0.0184% of average net assets, and portfolio turnover was 52%.
AFMC Fees and Expenses
Annual operating expenses and sales charges of AFMC. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.68% |
| Fee waiver | — |
| Net expense ratio | 0.68% |
| 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 |
AFMC Costs Over Time
On $10,000 invested in AFMC, assuming 5% a year before costs, total costs come to $439 over 5 years, cutting the return by 0.73% 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 0.68%) | $71 | $223 | $389 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $241 | $439 |
| Value after costs | $10,427 | $11,335 | $12,323 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
AFMC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0184%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $89.0M
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
AFMC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MIZUHO SECURITIES USA LLC | $5K | 60.22% |
| GOLDMAN SACHS & CO. LLC | $1K | 18.44% |
| CANTOR FITZGERALD & CO. | $1K | 18.15% |
| RBC CAPITAL MARKETS, LLC | $160 | 1.98% |
| BTIG, LLC | $48 | 0.59% |
| CITADEL SECURITIES LLC | $32 | 0.40% |
| BNP Paribas Securities Corp. | $18 | 0.22% |
AFMC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ABN AMRO Clearing USA LLC | $25.1M | 28.21% |
| VIRTU AMERICAS LLC | $20.4M | 22.88% |
| CITADEL SECURITIES LLC | $16.9M | 19.01% |
| BOFA SECURITIES, INC. | $13.3M | 14.95% |
| CANTOR FITZGERALD & CO. | $6.7M | 7.56% |
| GOLDMAN SACHS & CO. LLC | $4.9M | 5.54% |
| Jane Street Execution Services, LLC | $1.6M | 1.85% |
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.