FTSL Fees and Costs — First Trust Senior Loan Fund
Data updated: 2026-09-24
The net expense ratio is 0.70%. There are no sales loads or redemption fees.
FTSL Fees and Expenses
Annual operating expenses and sales charges of FTSL. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| 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 |
FTSL Costs Over Time
On $10,000 invested in FTSL, assuming 5% a year before costs, total costs come to $440 over 5 years, cutting the return by 0.73% 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 0.70%) | $74 | $230 | $400 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $440 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
FTSL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $11.4B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FTSL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.7B | 26.41% |
| BOFA SECURITIES, INC. | $2.1B | 20.79% |
| Goldman Sachs & Co. LLC | $1.2B | 12.07% |
| MORGAN STANLEY & CO. LLC | $946.5M | 9.36% |
| BARCLAYS CAPITAL, INC. | $903.8M | 8.94% |
| CitiGroup Global Markets Inc. | $571.6M | 5.66% |
| RBC CAPITAL MARKETS, LLC | $524.8M | 5.19% |
| JEFFERIES LLC | $512.2M | 5.07% |
| WELLS FARGO SECURITIES, LLC | $343.0M | 3.39% |
| UBS SECURITIES LLC | $314.2M | 3.11% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.