ARVR Fees and Costs — First Trust Indxx Metaverse ETF
Data updated: 2026-08-21
The net expense ratio is 0.70%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $856 in broker commissions, 0.0352% of average net assets, and portfolio turnover was 51%.
ARVR Fees and Expenses
Annual operating expenses and sales charges of ARVR. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| 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 |
ARVR Costs Over Time
On $10,000 invested in ARVR, assuming 5% a year before costs, total costs come to $462 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $253 | $462 |
| Value after costs | $10,423 | $11,323 | $12,301 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
ARVR 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): 0.0352%
- Total broker commissions: $856
- Bought from dealers (principal trades, not a cost): $8.4M
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
ARVR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $696 | 81.33% |
| J.P. MORGAN SECURITIES LLC | $99 | 11.55% |
| BOFA SECURITIES, INC. | $61 | 7.12% |
ARVR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $6.9M | 81.99% |
| J.P. Morgan Securities LLC | $1.5M | 18.01% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.