FVC Fees and Costs — First Trust Dorsey Wright Dynamic Focus 5 ETF
Data updated: 2026-08-21
The net expense ratio is 0.87%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $95K in broker commissions, 0.0566% of average net assets, and portfolio turnover was 168%.
FVC Fees and Expenses
Annual operating expenses and sales charges of FVC. 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 | 0.87% |
| Fee waiver | — |
| Net expense ratio | 0.87% |
| 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 |
FVC Costs Over Time
On $10,000 invested in FVC, assuming 5% a year before costs, total costs come to $580 over 5 years, cutting the return by 0.97% 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 0.87%) | $91 | $285 | $495 |
| Trading costs (broker commissions) | $6 | $19 | $32 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $319 | $580 |
| Value after costs | $10,403 | $11,257 | $12,182 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
FVC 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): 0.0566%
- Total broker commissions: $95K
- Bought from dealers (principal trades, not a cost): $102.9M
- Portfolio turnover (prospectus): 168%
- Securities lending: none during the year
FVC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $30K | 31.02% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $20K | 20.59% |
| CITADEL SECURITIES LLC | $15K | 16.10% |
| OLD MISSION MARKETS LLC | $15K | 15.68% |
| J.P. MORGAN SECURITIES LLC | $8K | 8.63% |
| Jane Street Execution Services, LLC | $7K | 7.62% |
| BOFA SECURITIES, INC. | $344 | 0.36% |
FVC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $76.3M | 74.13% |
| CITADEL SECURITIES LLC | $24.9M | 24.21% |
| Jane Street Execution Services, LLC | $1.7M | 1.67% |
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.