FV Fees and Costs — First Trust Dorsey Wright Focus 5 ETF
Data updated: 2026-08-21
The net expense ratio is 0.89%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $426 in broker commissions, and portfolio turnover was 60%.
FV Fees and Expenses
Annual operating expenses and sales charges of FV. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.89% |
| Fee waiver | — |
| Net expense ratio | 0.89% |
| 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 |
FV Costs Over Time
On $10,000 invested in FV, assuming 5% a year before costs, total costs come to $558 over 5 years, cutting the return by 0.93% 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 0.89%) | $93 | $292 | $507 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $306 | $558 |
| Value after costs | $10,407 | $11,270 | $12,205 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
FV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $426
- Bought from dealers (principal trades, not a cost): $480.8M
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
FV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $156 | 36.56% |
| OLD MISSION MARKETS LLC | $102 | 23.88% |
| Jane Street Execution Services, LLC | $98 | 23.07% |
| BOFA SECURITIES, INC. | $44 | 10.40% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $26 | 6.09% |
FV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $164.7M | 34.25% |
| CITADEL SECURITIES LLC | $140.8M | 29.28% |
| RBC CAPITAL MARKETS, LLC | $114.4M | 23.80% |
| GOLDMAN SACHS & CO. LLC | $26.8M | 5.58% |
| ABN AMRO Clearing USA LLC | $22.8M | 4.74% |
| Jane Street Execution Services, LLC | $11.3M | 2.35% |
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.