C000087412 Fees and Costs — First Trust BICK Index Fund
Data updated: 2023-08-29
The net expense ratio is 0.64%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $49K in broker commissions, 0.1808% of average net assets, and portfolio turnover was 126%.
C000087412 Fees and Expenses
Annual operating expenses and sales charges of C000087412. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.64% |
| Fee waiver | — |
| Net expense ratio | 0.64% |
| 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 |
C000087412 Costs Over Time
On $10,000 invested in C000087412, assuming 5% a year before costs, total costs come to $515 over 5 years, cutting the return by 0.86% 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 0.64%) | $67 | $210 | $365 |
| Trading costs (broker commissions) | $19 | $59 | $103 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $283 | $515 |
| Value after costs | $10,414 | $11,294 | $12,248 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
C000087412 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1808%
- Total broker commissions: $49K
- Bought from dealers (principal trades, not a cost): $53.2M
- Portfolio turnover (prospectus): 126%
- Securities on loan, average value: $1.0M
- Net income from securities lending: $17K (0.064% of average net assets)
C000087412 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $21K | 43.36% |
| GOLDMAN SACHS & CO. LLC | $14K | 28.00% |
| J.P. MORGAN SECURITIES LLC | $12K | 23.85% |
| CREDIT SUISSE SECURITIES (USA) LLC | $920 | 1.86% |
| CITIGROUP GLOBAL MARKETS INC. | $657 | 1.33% |
| UBS Securities LLC | $477 | 0.96% |
| CANTOR FITZGERALD & CO. | $317 | 0.64% |
C000087412 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $39.0M | 73.34% |
| BOFA SECURITIES, INC. | $11.0M | 20.73% |
| CREDIT SUISSE SECURITIES (USA) LLC | $1.9M | 3.49% |
| UBS SECURITIES LLC | $1.1M | 2.06% |
| GOLDMAN SACHS & CO. LLC | $202K | 0.38% |
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.