DDIV Fees and Costs — First Trust Dorsey Wright Momentum & Dividend ETF
Data updated: 2026-08-21
The net expense ratio is 0.60%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $30K in broker commissions, 0.0640% of average net assets, and portfolio turnover was 157%.
DDIV Fees and Expenses
Annual operating expenses and sales charges of DDIV. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
DDIV Costs Over Time
On $10,000 invested in DDIV, assuming 5% a year before costs, total costs come to $418 over 5 years, cutting the return by 0.70% 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 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $229 | $418 |
| Value after costs | $10,430 | $11,347 | $12,345 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
DDIV 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): 0.0640%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): $38.6M
- Portfolio turnover (prospectus): 157%
- Securities lending: none during the year
DDIV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MIZUHO SECURITIES USA LLC | $9K | 28.10% |
| GOLDMAN SACHS & CO. LLC | $8K | 25.28% |
| BTIG, LLC | $7K | 23.82% |
| CANTOR FITZGERALD & CO. | $7K | 22.30% |
| J.P. MORGAN SECURITIES LLC | $96 | 0.32% |
| OLD MISSION CAPITAL, LLC | $21 | 0.07% |
| CITADEL SECURITIES LLC | $17 | 0.06% |
| RBC CAPITAL MARKETS, LLC | $17 | 0.06% |
DDIV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $13.1M | 33.98% |
| BOFA SECURITIES, INC. | $11.8M | 30.71% |
| GOLDMAN SACHS & CO. LLC | $6.7M | 17.40% |
| RBC CAPITAL MARKETS, LLC | $3.5M | 9.04% |
| Jane Street Execution Services, LLC | $3.4M | 8.87% |
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.