C000241976 Fees and Costs — First Trust Capital Strength Hedged Equity Portfolio, Class I
Data updated: 2026-08-21
The net expense ratio is 1.25%: a 0.75% management fee, a 0.25% 12b-1 fee plus 1.32% other expenses, less a 1.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0241% of average net assets, and portfolio turnover was 136%.
C000241976 Fees and Expenses
Annual operating expenses and sales charges of C000241976. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.32% |
| Gross expense ratio | 2.32% |
| Fee waiver | −1.07% |
| Net expense ratio | 1.25% |
| 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 |
C000241976 Costs Over Time
On $10,000 invested in C000241976, assuming 5% a year before costs, total costs come to $793 over 5 years, cutting the return by 1.34% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $437 | $793 |
| Value after costs | $10,366 | $11,139 | $11,970 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
C000241976 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): 0.0241%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 136%
- Securities lending: none during the year
C000241976 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG AMERICAS SECURITIES LLC | $1K | 45.65% |
| JANE STREET FINANCIAL LIMITED | $1K | 43.20% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $334 | 11.15% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.