FPX Fees and Costs — First Trust US Equity Opportunities ETF
Data updated: 2026-08-21
The net expense ratio is 0.57%: a 0.40% management fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $294K in broker commissions, 0.0303% of average net assets, and portfolio turnover was 83%.
FPX Fees and Expenses
Annual operating expenses and sales charges of FPX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.57% |
| Fee waiver | — |
| Net expense ratio | 0.57% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FPX Costs Over Time
On $10,000 invested in FPX, assuming 5% a year before costs, total costs come to $379 over 5 years, cutting the return by 0.63% 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 0.57%) | $60 | $188 | $327 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $207 | $379 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
FPX 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): 0.0303%
- Total broker commissions: $294K
- Bought from dealers (principal trades, not a cost): $226.8M
- Portfolio turnover (prospectus): 83%
- Securities on loan, average value: $19.3M
- Net income from securities lending: $4.2M (0.434% of average net assets)
FPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $77K | 26.19% |
| MIZUHO SECURITIES USA LLC | $75K | 25.49% |
| BTIG, LLC | $71K | 24.26% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $56K | 18.96% |
| CANTOR FITZGERALD & CO. | $11K | 3.86% |
| J.P. MORGAN SECURITIES LLC | $3K | 1.10% |
| RBC CAPITAL MARKETS, LLC | $220 | 0.07% |
| GOLDMAN SACHS & CO. LLC | $151 | 0.05% |
| BOFA SECURITIES, INC. | $41 | 0.01% |
FPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $90.1M | 39.71% |
| VIRTU AMERICAS LLC | $60.1M | 26.51% |
| CITADEL SECURITIES LLC | $47.1M | 20.76% |
| BNP PARIBAS SECURITIES CORP. | $20.9M | 9.23% |
| GOLDMAN SACHS & CO. LLC | $8.6M | 3.80% |
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.