HUSV Fees and Costs — First Trust Horizon Managed Volatility Domestic ETF
Data updated: 2026-10-13
The net expense ratio is 0.70%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $10K in broker commissions, 0.0117% of average net assets, and portfolio turnover was 84%.
HUSV Fees and Expenses
Annual operating expenses and sales charges of HUSV. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 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 | — |
HUSV Costs Over Time
On $10,000 invested in HUSV, assuming 5% a year before costs, total costs come to $448 over 5 years, cutting the return by 0.75% 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 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $245 | $448 |
| Value after costs | $10,425 | $11,331 | $12,315 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
HUSV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0117%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $47.4M
- Portfolio turnover (prospectus): 84%
HUSV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| OLD MISSION MARKETS LLC | $6K | 58.53% |
| BOFA SECURITIES, INC. | $4K | 41.47% |
HUSV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $17.6M | 37.23% |
| CITADEL SECURITIES LLC | $10.1M | 21.34% |
| BOFA SECURITIES, INC. | $9.7M | 20.53% |
| RBC CAPITAL MARKETS, LLC | $3.9M | 8.32% |
| J.P. Morgan Securities LLC | $2.0M | 4.31% |
| Jane Street Execution Services, LLC | $2.0M | 4.19% |
| GOLDMAN SACHS & CO. LLC | $1.9M | 4.08% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.