FDHAX Fees and Costs — First Trust Short Duration High Income Fund, Class A
Data updated: 2026-09-24
The net expense ratio is 1.00%: a 0.65% management fee plus 0.52% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 84%.
FDHAX Fees and Expenses
Annual operating expenses and sales charges of FDHAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.52% |
| Gross expense ratio | 1.17% |
| Fee waiver | −0.17% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FDHAX Costs Over Time
On $10,000 invested in FDHAX, assuming 5% a year before costs, total costs come to $626 over 5 years, cutting the return by 1.05% 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 1.00%) | $105 | $328 | $568 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $344 | $626 |
| Value after costs | $10,395 | $11,232 | $12,137 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
FDHAX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $116.1M
- Portfolio turnover (prospectus): 84%
- Securities lending: none during the year
FDHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $20.7M | 21.48% |
| BOFA SECURITIES, INC. | $13.9M | 14.44% |
| MORGAN STANLEY & CO. LLC | $13.8M | 14.28% |
| GOLDMAN SACHS & CO. LLC | $12.9M | 13.43% |
| CitiGroup Global Markets Inc. | $7.5M | 7.81% |
| Jane Street Execution Services, LLC | $7.0M | 7.29% |
| JEFFERIES LLC | $6.2M | 6.41% |
| BARCLAYS CAPITAL, INC. | $6.0M | 6.25% |
| Wells Fargo Securities LLC | $4.4M | 4.60% |
| PERSHING LLC | $3.9M | 4.02% |
First Trust Short Duration High Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FDHAX | Class A | 1.00% | none |
| FDHCX | Class C | 1.25% | 3.50% |
| FDHIX | Class I | 2.00% | none |
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.