FCFY Fees and Costs — First Trust S&P 500 Diversified Free Cash Flow ETF
Data updated: 2026-08-21
The net expense ratio is 0.60%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $379 in broker commissions, 0.0301% of average net assets, and portfolio turnover was 78%.
FCFY Fees and Expenses
Annual operating expenses and sales charges of FCFY. Prospectus, as of December 31, 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 |
FCFY Costs Over Time
On $10,000 invested in FCFY, assuming 5% a year before costs, total costs come to $397 over 5 years, cutting the return by 0.66% 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 | $344 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $217 | $397 |
| Value after costs | $10,434 | $11,359 | $12,366 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
FCFY 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): 0.0301%
- Total broker commissions: $379
- Bought from dealers (principal trades, not a cost): $2.6M
- Portfolio turnover (prospectus): 78%
- Securities lending: none during the year
FCFY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $196 | 51.74% |
| BNP Paribas Securities Corp. | $153 | 40.29% |
| BOFA SECURITIES, INC. | $13 | 3.46% |
| CITADEL SECURITIES LLC | $6 | 1.61% |
| MIZUHO SECURITIES USA LLC | $5 | 1.37% |
| GOLDMAN SACHS & CO. LLC | $3 | 0.82% |
| CANTOR FITZGERALD & CO. | $2 | 0.60% |
| OLD MISSION MARKETS LLC | $0 | 0.08% |
| J.P. MORGAN SECURITIES LLC | $0 | 0.02% |
FCFY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $2.6M | 100.00% |
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.