CIBR Fees and Costs — First Trust Nasdaq Cybersecurity ETF
Data updated: 2026-08-21
The net expense ratio is 0.58%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1.7M in broker commissions, 0.0268% of average net assets, and portfolio turnover was 21%.
CIBR Fees and Expenses
Annual operating expenses and sales charges of CIBR. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.58% |
| Fee waiver | — |
| Net expense ratio | 0.58% |
| 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 |
CIBR Costs Over Time
On $10,000 invested in CIBR, assuming 5% a year before costs, total costs come to $383 over 5 years, cutting the return by 0.64% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $209 | $383 |
| Value after costs | $10,436 | $11,367 | $12,380 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
CIBR 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): 0.0268%
- Total broker commissions: $1.7M
- Bought from dealers (principal trades, not a cost): $2.7B
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $43.5M
- Net income from securities lending: $156K (0.003% of average net assets)
CIBR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $1.1M | 69.49% |
| GOLDMAN SACHS & CO. LLC | $438K | 26.49% |
| BOFA SECURITIES, INC. | $65K | 3.92% |
| MIZUHO SECURITIES USA LLC | $2K | 0.11% |
CIBR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.5B | 56.76% |
| GOLDMAN SACHS & CO. LLC | $484.1M | 17.91% |
| UBS SECURITIES LLC | $432.3M | 15.99% |
| BOFA SECURITIES, INC. | $150.2M | 5.56% |
| Jane Street Execution Services, LLC | $54.5M | 2.02% |
| CitiGroup Global Markets Inc. | $41.7M | 1.54% |
| Mizuho Securities USA LLC | $6.0M | 0.22% |
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.