EIPI Fees and Costs — FT Energy Income Partners Enhanced Income ETF
Data updated: 2026-07-23
The net expense ratio is 1.11%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.5M in broker commissions, 0.1563% of average net assets, and portfolio turnover was 103%.
EIPI Fees and Expenses
Annual operating expenses and sales charges of EIPI. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.11% |
| Fee waiver | — |
| Net expense ratio | 1.11% |
| 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 |
EIPI Costs Over Time
On $10,000 invested in EIPI, assuming 5% a year before costs, total costs come to $788 over 5 years, cutting the return by 1.33% 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 1.11%) | $117 | $363 | $627 |
| Trading costs (broker commissions) | $16 | $51 | $88 |
| Lost growth on money paid in costs | $0 | $21 | $72 |
| Total costs | $133 | $434 | $788 |
| Value after costs | $10,367 | $11,142 | $11,975 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
EIPI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1563%
- Total broker commissions: $1.5M
- Bought from dealers (principal trades, not a cost): $230.4M
- Portfolio turnover (prospectus): 103%
- Securities lending: none during the year
EIPI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $570K | 39.49% |
| JANE STREET CAPITAL, LLC | $340K | 23.56% |
| MORGAN STANLEY & CO. LLC | $282K | 19.54% |
| UBS Securities LLC | $113K | 7.82% |
| Pershing LLC | $54K | 3.72% |
| JEFFERIES LLC | $40K | 2.75% |
| GOLDMAN SACHS & CO. LLC | $14K | 0.95% |
| TD SECURITIES (USA) LLC | $14K | 0.94% |
| BARCLAYS CAPITAL, INC. | $10K | 0.70% |
| RBC CAPITAL MARKETS, LLC | $8K | 0.53% |
EIPI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $163.9M | 71.13% |
| J.P. Morgan Securities LLC | $32.7M | 14.20% |
| JANE STREET CAPITAL, LLC | $18.0M | 7.79% |
| PERSHING LLC | $5.5M | 2.38% |
| VIRTU AMERICAS LLC | $4.8M | 2.07% |
| CitiGroup Global Markets Inc. | $2.8M | 1.24% |
| RBC CAPITAL MARKETS, LLC | $2.7M | 1.18% |
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.