ILDR Fees and Costs — First Trust Innovation Leaders ETF
Data updated: 2026-07-22
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $14K in broker commissions, 0.0212% of average net assets, and portfolio turnover was 57%.
ILDR Fees and Expenses
Annual operating expenses and sales charges of ILDR. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
ILDR Costs Over Time
On $10,000 invested in ILDR, assuming 5% a year before costs, total costs come to $485 over 5 years, cutting the return by 0.81% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $13 | $44 |
| Total costs | $81 | $266 | $485 |
| Value after costs | $10,419 | $11,310 | $12,278 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
ILDR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0212%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $110.4M
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
ILDR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $5K | 37.51% |
| GOLDMAN SACHS & CO. LLC | $3K | 24.67% |
| BOFA SECURITIES, INC. | $3K | 21.45% |
| MIZUHO SECURITIES USA LLC | $2K | 11.99% |
| RBC CAPITAL MARKETS, LLC | $462 | 3.42% |
| BTIG, LLC | $79 | 0.59% |
| CANTOR FITZGERALD & CO. | $50 | 0.37% |
ILDR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $43.9M | 39.81% |
| GOLDMAN SACHS & CO. LLC | $23.1M | 20.94% |
| Jane Street Execution Services, LLC | $19.0M | 17.20% |
| Mizuho Securities USA LLC | $9.7M | 8.83% |
| VIRTU AMERICAS LLC | $6.0M | 5.45% |
| BOFA SECURITIES, INC. | $5.5M | 5.03% |
| CitiGroup Global Markets Inc. | $3.0M | 2.74% |
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.