HYLS Fees and Costs — First Trust Tactical High Yield ETF
Data updated: 2026-09-24
The net expense ratio is 0.69%. There are no sales loads or redemption fees. Portfolio turnover was 68%.
HYLS Fees and Expenses
Annual operating expenses and sales charges of HYLS. 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 | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
HYLS Costs Over Time
On $10,000 invested in HYLS, assuming 5% a year before costs, total costs come to $434 over 5 years, cutting the return by 0.72% 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 0.69%) | $72 | $227 | $395 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $72 | $238 | $434 |
| Value after costs | $10,428 | $11,338 | $12,329 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
HYLS 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): $2.9B
- Portfolio turnover (prospectus): 68%
- Securities lending: none during the year
HYLS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $535.6M | 20.82% |
| J.P. Morgan Securities LLC | $482.7M | 18.76% |
| MORGAN STANLEY & CO. LLC | $459.1M | 17.84% |
| CitiGroup Global Markets Inc. | $240.5M | 9.35% |
| BOFA SECURITIES, INC. | $237.8M | 9.24% |
| JEFFERIES LLC | $169.2M | 6.57% |
| BARCLAYS CAPITAL, INC. | $151.7M | 5.90% |
| WELLS FARGO SECURITIES, LLC | $129.0M | 5.01% |
| BMO CAPITAL MARKETS CORP. | $91.3M | 3.55% |
| RBC CAPITAL MARKETS, LLC | $76.2M | 2.96% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.