FPWR Fees and Costs — First Trust EIP Power Solutions ETF
Data updated: 2026-09-24
The net expense ratio is 0.96%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.0725% of average net assets, and portfolio turnover was 67%.
FPWR Fees and Expenses
Annual operating expenses and sales charges of FPWR. 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 | 0.96% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| 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 |
FPWR Costs Over Time
On $10,000 invested in FPWR, assuming 5% a year before costs, total costs come to $645 over 5 years, cutting the return by 1.08% 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 0.96%) | $101 | $314 | $545 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $355 | $645 |
| Value after costs | $10,392 | $11,221 | $12,117 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
FPWR 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): 0.0725%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $6.3M
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
FPWR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $6K | 50.41% |
| MORGAN STANLEY & CO. LLC | $4K | 31.81% |
| GOLDMAN SACHS & CO. LLC | $947 | 7.97% |
| SCOTIA CAPITAL (USA) INC. | $678 | 5.71% |
| RBC CAPITAL MARKETS, LLC | $357 | 3.00% |
| UBS Securities LLC | $89 | 0.75% |
| J.P. Morgan Securities LLC | $28 | 0.24% |
| JEFFERIES LLC | $12 | 0.10% |
FPWR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $3.2M | 50.55% |
| J.P. Morgan Securities LLC | $3.1M | 49.45% |
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.