FPE Fees and Costs — First Trust Preferred Securities and Income ETF
Data updated: 2026-09-24
The net expense ratio is 0.83%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $105K in broker commissions, 0.0018% of average net assets, and portfolio turnover was 42%.
FPE Fees and Expenses
Annual operating expenses and sales charges of FPE. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.83% |
| Fee waiver | — |
| Net expense ratio | 0.83% |
| 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 |
FPE Costs Over Time
On $10,000 invested in FPE, assuming 5% a year before costs, total costs come to $522 over 5 years, cutting the return by 0.87% 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $13 | $48 |
| Total costs | $87 | $286 | $522 |
| Value after costs | $10,413 | $11,290 | $12,241 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
FPE 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): 0.0018%
- Total broker commissions: $105K
- Bought from dealers (principal trades, not a cost): $4.2B
- Portfolio turnover (prospectus): 42%
- Securities lending: none during the year
FPE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| R.J. O'BRIEN SECURITIES, LLC | $105K | 99.99% |
| MARKETAXESS CORPORATION | $10 | 0.01% |
FPE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $673.7M | 20.49% |
| Mizuho Securities USA LLC | $567.1M | 17.25% |
| RBC CAPITAL MARKETS, LLC | $400.4M | 12.18% |
| MORGAN STANLEY & CO. LLC | $347.4M | 10.57% |
| WELLS FARGO SECURITIES, LLC | $312.6M | 9.51% |
| J.P. Morgan Securities LLC | $274.3M | 8.34% |
| Seaport Global Securities LLC | $209.6M | 6.37% |
| BNP PARIBAS SECURITIES CORP. | $194.7M | 5.92% |
| CitiGroup Global Markets Inc. | $168.6M | 5.13% |
| JEFFERIES LLC | $139.3M | 4.24% |
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.