IFV Fees and Costs — First Trust Dorsey Wright International Focus 5 ETF
Data updated: 2026-08-21
The net expense ratio is 1.14%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $58K in broker commissions, 0.0299% of average net assets, and portfolio turnover was 80%.
IFV Fees and Expenses
Annual operating expenses and sales charges of IFV. 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 | 1.14% |
| Fee waiver | — |
| Net expense ratio | 1.14% |
| 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 |
IFV Costs Over Time
On $10,000 invested in IFV, assuming 5% a year before costs, total costs come to $729 over 5 years, cutting the return by 1.23% 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 1.14%) | $120 | $373 | $645 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $402 | $729 |
| Value after costs | $10,377 | $11,175 | $12,034 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
IFV 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): 0.0299%
- Total broker commissions: $58K
- Bought from dealers (principal trades, not a cost): $116.6M
- Portfolio turnover (prospectus): 80%
- Securities lending: none during the year
IFV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $58K | 99.58% |
| CITADEL SECURITIES LLC | $164 | 0.28% |
| BOFA SECURITIES, INC. | $39 | 0.07% |
| BTIG, LLC | $32 | 0.05% |
| OLD MISSION MARKETS LLC | $7 | 0.01% |
IFV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $70.7M | 60.63% |
| J.P. Morgan Securities LLC | $31.7M | 27.19% |
| GOLDMAN SACHS & CO. LLC | $14.2M | 12.17% |
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.