AIRR Fees and Costs — First Trust RBA American Industrial Renaissance ETF
Data updated: 2026-08-21
The net expense ratio is 0.69%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $403K in broker commissions, 0.0421% of average net assets, and portfolio turnover was 60%.
AIRR Fees and Expenses
Annual operating expenses and sales charges of AIRR. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
AIRR Costs Over Time
On $10,000 invested in AIRR, assuming 5% a year before costs, total costs come to $460 over 5 years, cutting the return by 0.77% 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $460 |
| Value after costs | $10,423 | $11,324 | $12,302 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
AIRR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0421%
- Total broker commissions: $403K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 60%
- Securities on loan, average value: $30K
- Net income from securities lending: $151 (0.000% of average net assets)
AIRR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $245K | 60.82% |
| BOFA SECURITIES, INC. | $83K | 20.51% |
| MIZUHO SECURITIES USA LLC | $37K | 9.28% |
| CANTOR FITZGERALD & CO. | $37K | 9.17% |
| OLD MISSION MARKETS LLC | $854 | 0.21% |
AIRR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $830.1M | 41.78% |
| BOFA SECURITIES, INC. | $544.1M | 27.38% |
| CITADEL SECURITIES LLC | $269.2M | 13.54% |
| RBC CAPITAL MARKETS, LLC | $163.7M | 8.24% |
| CANTOR FITZGERALD & CO. | $97.3M | 4.90% |
| Jane Street Execution Services, LLC | $82.7M | 4.16% |
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.