EFIX Fees and Costs — First Trust TCW Emerging Markets Debt ETF
Data updated: 2025-07-24
The net expense ratio is 0.95%. There are no sales loads or redemption fees. Portfolio turnover was 98%.
EFIX Fees and Expenses
Annual operating expenses and sales charges of EFIX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| 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 |
EFIX Costs Over Time
On $10,000 invested in EFIX, assuming 5% a year before costs, total costs come to $595 over 5 years, cutting the return by 1.00% 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 0.95%) | $100 | $311 | $540 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $327 | $595 |
| Value after costs | $10,400 | $11,249 | $12,168 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
EFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $75.0M
- Portfolio turnover (prospectus): 98%
- Securities lending: none during the year
EFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $11.5M | 17.73% |
| HSBC SECURITIES (USA), INC. | $9.5M | 14.69% |
| JEFFERIES LLC | $8.4M | 12.98% |
| J.P. Morgan Securities LLC | $7.2M | 11.16% |
| MORGAN STANLEY & CO. LLC | $6.8M | 10.52% |
| BARCLAYS CAPITAL, INC. | $6.3M | 9.75% |
| CitiGroup Global Markets Inc. | $6.2M | 9.49% |
| BOFA SECURITIES, INC. | $4.7M | 7.29% |
| Santander Securities LLC | $2.3M | 3.50% |
| DEUTSCHE BANK SECURITIES, INC. | $1.9M | 2.88% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.