DEED Fees and Costs — First Trust Securitized Plus ETF
Data updated: 2026-07-22
The net expense ratio is 0.76%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0048% of average net assets, and portfolio turnover was 178%.
DEED Fees and Expenses
Annual operating expenses and sales charges of DEED. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.76% |
| Fee waiver | — |
| Net expense ratio | 0.76% |
| 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 |
DEED Costs Over Time
On $10,000 invested in DEED, assuming 5% a year before costs, total costs come to $481 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 0.76%) | $80 | $250 | $434 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $264 | $481 |
| Value after costs | $10,420 | $11,313 | $12,282 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
DEED Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0048%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $467.8M
- Portfolio turnover (prospectus): 178%
- Securities lending: none during the year
DEED Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1K | 37.71% |
| GOLDMAN SACHS & CO. LLC | $1K | 32.06% |
| MORGAN STANLEY & CO. LLC | $606 | 17.37% |
| RBC CAPITAL MARKETS, LLC | $320 | 9.17% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $87 | 2.49% |
| CITADEL SECURITIES LLC | $27 | 0.77% |
| R.J. O'BRIEN SECURITIES, LLC | $8 | 0.23% |
| CITIGROUP GLOBAL MARKETS INC. | $7 | 0.20% |
DEED Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $94.3M | 23.37% |
| CitiGroup Global Markets Inc. | $91.7M | 22.73% |
| BOFA SECURITIES, INC. | $54.0M | 13.39% |
| MORGAN STANLEY & CO. LLC | $45.5M | 11.28% |
| J.P. Morgan Securities LLC | $30.4M | 7.54% |
| BARCLAYS CAPITAL, INC. | $19.8M | 4.91% |
| BMO CAPITAL MARKETS CORP. | $19.3M | 4.79% |
| Mizuho Securities USA LLC | $18.9M | 4.68% |
| CITADEL SECURITIES LLC | $15.3M | 3.78% |
| DEUTSCHE BANK SECURITIES, INC. | $14.2M | 3.53% |
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.