FTHI Fees and Costs — First Trust BuyWrite Income ETF
Data updated: 2026-08-21
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $331K in broker commissions, 0.0230% of average net assets, and portfolio turnover was 58%.
FTHI Fees and Expenses
Annual operating expenses and sales charges of FTHI. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
FTHI Costs Over Time
On $10,000 invested in FTHI, assuming 5% a year before costs, total costs come to $486 over 5 years, cutting the return by 0.81% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $13 | $44 |
| Total costs | $81 | $266 | $486 |
| Value after costs | $10,419 | $11,310 | $12,277 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
FTHI 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): 0.0230%
- Total broker commissions: $331K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
FTHI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $87K | 26.31% |
| CANTOR FITZGERALD & CO. | $72K | 21.86% |
| J.P. MORGAN SECURITIES LLC | $64K | 19.32% |
| GOLDMAN SACHS & CO. LLC | $56K | 17.00% |
| BTIG, LLC | $51K | 15.50% |
| RBC CAPITAL MARKETS, LLC | $1 | 0.00% |
FTHI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL, LLC | $418.9M | 37.09% |
| GOLDMAN SACHS & CO. LLC | $337.8M | 29.91% |
| BOFA SECURITIES, INC. | $194.0M | 17.18% |
| Macquarie Capital (USA) Inc. | $101.9M | 9.03% |
| VIRTU AMERICAS LLC | $52.6M | 4.66% |
| RBC CAPITAL MARKETS, LLC | $12.6M | 1.12% |
| Pactiv Evergreen Inc. | $11.4M | 1.01% |
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.