FTQI Fees and Costs — First Trust Nasdaq 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 $93K in broker commissions, 0.0143% of average net assets, and portfolio turnover was 59%.
FTQI Fees and Expenses
Annual operating expenses and sales charges of FTQI. 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 |
FTQI Costs Over Time
On $10,000 invested in FTQI, assuming 5% a year before costs, total costs come to $480 over 5 years, cutting the return by 0.80% 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 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $263 | $480 |
| Value after costs | $10,420 | $11,313 | $12,282 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
FTQI 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): 0.0143%
- Total broker commissions: $93K
- Bought from dealers (principal trades, not a cost): $605.6M
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
FTQI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD & CO. | $48K | 52.08% |
| GOLDMAN SACHS & CO. LLC | $22K | 23.73% |
| BTIG, LLC | $14K | 14.63% |
| J.P. MORGAN SECURITIES LLC | $9K | 9.55% |
FTQI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $245.0M | 40.46% |
| BOFA SECURITIES, INC. | $157.5M | 26.00% |
| JANE STREET CAPITAL, LLC | $148.8M | 24.56% |
| RBC CAPITAL MARKETS, LLC | $28.9M | 4.77% |
| Macquarie Capital (USA) Inc. | $16.4M | 2.71% |
| VIRTU AMERICAS LLC | $7.1M | 1.17% |
| BTIG LLC | $1.5M | 0.25% |
| Aspen Technology, Inc. | $466K | 0.08% |
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.