CARZ Fees and Costs — First Trust S-Network Future Vehicles & Technology 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 $23K in broker commissions, 0.0595% of average net assets.
CARZ Fees and Expenses
Annual operating expenses and sales charges of CARZ. 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 |
CARZ Costs Over Time
On $10,000 invested in CARZ, assuming 5% a year before costs, total costs come to $477 over 5 years, cutting the return by 0.80% 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) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $262 | $477 |
| Value after costs | $10,420 | $11,314 | $12,285 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
CARZ 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): 0.0595%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $10.2M
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $1.6M
- Net income from securities lending: $125K (0.331% of average net assets)
CARZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $12K | 54.78% |
| J.P. Morgan Securities LLC | $10K | 42.88% |
| GOLDMAN SACHS & CO. LLC | $305 | 1.36% |
| UBS Securities LLC | $117 | 0.52% |
| OLD MISSION MARKETS LLC | $105 | 0.46% |
CARZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $7.7M | 75.79% |
| UBS SECURITIES LLC | $2.5M | 24.21% |
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.