GRID Fees and Costs — First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
Data updated: 2026-08-21
The net expense ratio is 0.56%: a 0.40% management fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $160K in broker commissions, 0.0138% of average net assets.
GRID Fees and Expenses
Annual operating expenses and sales charges of GRID. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.56% |
| Fee waiver | — |
| Net expense ratio | 0.56% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
GRID Costs Over Time
On $10,000 invested in GRID, assuming 5% a year before costs, total costs come to $362 over 5 years, cutting the return by 0.60% 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 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $198 | $362 |
| Value after costs | $10,440 | $11,378 | $12,401 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
GRID 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): 0.0138%
- Total broker commissions: $160K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $10.1M
- Net income from securities lending: $85K (0.007% of average net assets)
GRID Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $61K | 38.08% |
| GOLDMAN SACHS & CO. LLC | $57K | 35.47% |
| UBS Securities LLC | $21K | 13.30% |
| J.P. MORGAN SECURITIES LLC | $19K | 11.79% |
| MIZUHO SECURITIES USA LLC | $2K | 1.35% |
| OLD MISSION MARKETS LLC | $14 | 0.01% |
GRID Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $350.2M | 31.94% |
| UBS SECURITIES LLC | $273.0M | 24.90% |
| BOFA SECURITIES, INC. | $269.4M | 24.58% |
| GOLDMAN SACHS & CO. LLC | $148.8M | 13.58% |
| Jane Street Execution Services, LLC | $49.3M | 4.50% |
| CitiGroup Global Markets Inc. | $5.5M | 0.50% |
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.