FTKI Fees and Costs — First Trust Small Cap BuyWrite Income ETF
Data updated: 2026-08-21
The net expense ratio is 0.86%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.2088% of average net assets, and portfolio turnover was 114%.
FTKI Fees and Expenses
Annual operating expenses and sales charges of FTKI. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| 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 |
FTKI Costs Over Time
On $10,000 invested in FTKI, assuming 5% a year before costs, total costs come to $668 over 5 years, cutting the return by 1.12% 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 0.86%) | $90 | $282 | $488 |
| Trading costs (broker commissions) | $22 | $68 | $118 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $367 | $668 |
| Value after costs | $10,388 | $11,209 | $12,095 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
FTKI 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): 0.2088%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $1.0M
- Portfolio turnover (prospectus): 114%
- Securities lending: none during the year
FTKI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $1K | 69.13% |
| GOLDMAN SACHS & CO. LLC | $420 | 21.28% |
| CANTOR FITZGERALD & CO. | $168 | 8.50% |
| BTIG, LLC | $19 | 0.97% |
| CITADEL SECURITIES LLC | $1 | 0.06% |
| BOFA SECURITIES, INC. | $1 | 0.05% |
FTKI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $980K | 97.39% |
| VERONA PHARMA PLC | $6K | 0.63% |
| DESPEGAR.COM CORP | $6K | 0.60% |
| Heidrick & Struggles International, Inc. | $5K | 0.53% |
| Premier, Inc. | $5K | 0.45% |
| Patterson Companies, Inc. | $4K | 0.40% |
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.