DFII Fees and Costs — FT Vest Bitcoin Strategy & Target Income ETF
Data updated: 2026-08-21
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $48K in broker commissions, 0.4673% of average net assets, and portfolio turnover was 0%.
DFII Fees and Expenses
Annual operating expenses and sales charges of DFII. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 |
DFII Costs Over Time
On $10,000 invested in DFII, assuming 5% a year before costs, total costs come to $819 over 5 years, cutting the return by 1.38% 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 0.85%) | $89 | $278 | $480 |
| Trading costs (broker commissions) | $49 | $153 | $264 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $138 | $451 | $819 |
| Value after costs | $10,362 | $11,125 | $11,944 |
| Impact on return, per year | 1.38% | 1.38% | 1.38% |
DFII 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): 0.4673%
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): $36.5M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
DFII Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| X-CHANGE FINANCIAL ACCESS, LLC | $36K | 76.02% |
| Wolverine Execution Services LLC | $11K | 23.98% |
DFII Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $36.5M | 99.99% |
| X-CHANGE FINANCIAL ACCESS, LLC | $4K | 0.01% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.