FCVT Fees and Costs — First Trust SSI Strategic Convertible Securities ETF
Data updated: 2026-09-24
The net expense ratio is 0.95%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $48 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 122%.
FCVT Fees and Expenses
Annual operating expenses and sales charges of FCVT. Prospectus, as of October 31, 2025.
| 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 |
FCVT Costs Over Time
On $10,000 invested in FCVT, 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 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| 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% |
FCVT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $48
- Bought from dealers (principal trades, not a cost): $263.2M
- Portfolio turnover (prospectus): 122%
- Securities lending: none during the year
FCVT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $48 | 100.00% |
FCVT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $72.3M | 29.71% |
| J.P. Morgan Securities LLC | $37.0M | 15.23% |
| JEFFERIES LLC | $34.6M | 14.24% |
| MORGAN STANLEY & CO. LLC | $25.3M | 10.41% |
| BARCLAYS CAPITAL, INC. | $24.5M | 10.08% |
| WELLS FARGO SECURITIES, LLC | $16.4M | 6.74% |
| CitiGroup Global Markets Inc. | $15.1M | 6.21% |
| Mizuho Securities USA LLC | $6.8M | 2.81% |
| UBS SECURITIES LLC | $6.4M | 2.65% |
| BNP PARIBAS SECURITIES CORP. | $4.6M | 1.91% |
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.