FTGC Fees and Costs — First Trust Global Tactical Commodity Strategy Fund
Data updated: 2026-08-21
The net expense ratio is 0.98%. There are no sales loads or redemption fees. Portfolio turnover was 16%.
FTGC Fees and Expenses
Annual operating expenses and sales charges of FTGC. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.98% |
| Fee waiver | — |
| Net expense ratio | 0.98% |
| 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 |
FTGC Costs Over Time
On $10,000 invested in FTGC, assuming 5% a year before costs, total costs come to $613 over 5 years, cutting the return by 1.03% 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 0.98%) | $103 | $321 | $557 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $337 | $613 |
| Value after costs | $10,397 | $11,239 | $12,150 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
FTGC 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $4.0B
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
FTGC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO CAPITAL MARKETS CORP. | $1.3B | 33.14% |
| J.P. Morgan Securities LLC | $709.0M | 17.68% |
| BARCLAYS CAPITAL, INC. | $696.9M | 17.38% |
| MORGAN STANLEY & CO. LLC | $564.8M | 14.08% |
| GOLDMAN SACHS & CO. LLC | $283.8M | 7.08% |
| WELLS FARGO SECURITIES, LLC | $149.7M | 3.73% |
| RBC CAPITAL MARKETS, LLC | $148.5M | 3.70% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $129.1M | 3.22% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.