FSCS Fees and Costs — First Trust SMID Capital Strength ETF
Data updated: 2026-08-21
The net expense ratio is 0.60%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $16K in broker commissions, 0.0345% of average net assets, and portfolio turnover was 123%.
FSCS Fees and Expenses
Annual operating expenses and sales charges of FSCS. Prospectus, as of May 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
FSCS Costs Over Time
On $10,000 invested in FSCS, assuming 5% a year before costs, total costs come to $400 over 5 years, cutting the return by 0.67% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $219 | $400 |
| Value after costs | $10,433 | $11,357 | $12,363 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
FSCS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0345%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $59.0M
- Portfolio turnover (prospectus): 123%
- Securities lending: none during the year
FSCS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $5K | 32.94% |
| CITADEL SECURITIES LLC | $4K | 23.93% |
| BTIG, LLC | $4K | 22.81% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $3K | 19.36% |
| OLD MISSION MARKETS LLC | $97 | 0.59% |
| J.P. MORGAN SECURITIES LLC | $38 | 0.23% |
| MIZUHO SECURITIES USA LLC | $21 | 0.13% |
| CANTOR FITZGERALD & CO. | $1 | 0.01% |
FSCS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $34.2M | 57.96% |
| CITADEL SECURITIES LLC | $15.9M | 26.91% |
| Jane Street Execution Services, LLC | $5.3M | 8.99% |
| VIRTU AMERICAS LLC | $3.6M | 6.14% |
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.