C000138651 Fees and Costs — First Trust Multi Income Allocation Portfolio, Class I
Data updated: 2026-08-21
The net expense ratio is 1.17% (2.46% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8K in broker commissions, 0.0393% of average net assets, and portfolio turnover was 75%.
C000138651 Fees and Expenses
Annual operating expenses and sales charges of C000138651. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.24% |
| Gross expense ratio | 2.46% |
| Fee waiver | −1.29% |
| Net expense ratio | 1.17% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000138651 Costs Over Time
On $10,000 invested in C000138651, assuming 5% a year before costs, total costs come to $753 over 5 years, cutting the return by 1.27% 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 1.17%) | $123 | $382 | $662 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $415 | $753 |
| Value after costs | $10,373 | $11,161 | $12,010 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
C000138651 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0393%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $2.4M
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
C000138651 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $4K | 47.43% |
| BTIG, LLC | $4K | 43.21% |
| RBC CAPITAL MARKETS, LLC | $766 | 9.36% |
C000138651 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $535K | 22.54% |
| RBC CAPITAL MARKETS, LLC | $332K | 13.97% |
| CitiGroup Global Markets Inc. | $292K | 12.29% |
| WELLS FARGO SECURITIES, LLC | $266K | 11.18% |
| BMO CAPITAL MARKETS CORP. | $255K | 10.72% |
| BARCLAYS CAPITAL, INC. | $232K | 9.75% |
| BOFA SECURITIES, INC. | $132K | 5.57% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $129K | 5.42% |
| GOLDMAN SACHS & CO. LLC | $120K | 5.04% |
| J.P. Morgan Securities LLC | $84K | 3.52% |
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.