FTCS Fees and Costs — First Trust Capital Strength ETF
Data updated: 2026-08-21
The net expense ratio is 0.53%: a 0.48% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.3M in broker commissions, 0.0157% of average net assets, and portfolio turnover was 117%.
FTCS Fees and Expenses
Annual operating expenses and sales charges of FTCS. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.53% |
| Fee waiver | — |
| Net expense ratio | 0.53% |
| 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 |
FTCS Costs Over Time
On $10,000 invested in FTCS, assuming 5% a year before costs, total costs come to $344 over 5 years, cutting the return by 0.57% 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 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $188 | $344 |
| Value after costs | $10,443 | $11,388 | $12,418 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
FTCS 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): 0.0157%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): $6.5B
- Portfolio turnover (prospectus): 117%
- Securities lending: none during the year
FTCS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $391K | 29.50% |
| CITADEL SECURITIES LLC | $362K | 27.32% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $309K | 23.29% |
| BTIG, LLC | $253K | 19.10% |
| OLD MISSION MARKETS LLC | $5K | 0.34% |
| CANTOR FITZGERALD & CO. | $4K | 0.27% |
| BOFA SECURITIES, INC. | $2K | 0.18% |
| GOLDMAN SACHS & CO. LLC | $113 | 0.01% |
| RBC CAPITAL MARKETS, LLC | $49 | 0.00% |
FTCS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $4.1B | 62.87% |
| GOLDMAN SACHS & CO. LLC | $1.6B | 24.41% |
| BOFA SECURITIES, INC. | $484.7M | 7.47% |
| RBC CAPITAL MARKETS, LLC | $146.9M | 2.26% |
| VIRTU AMERICAS LLC | $93.2M | 1.44% |
| JANE STREET CAPITAL, LLC | $90.5M | 1.40% |
| BNP PARIBAS SECURITIES CORP. | $9.1M | 0.14% |
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.