JULM Fees and Costs — FT Vest U.S. Equity Max Buffer ETF - July
Data updated: 2026-09-28
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.0144% of average net assets, and portfolio turnover was 0%.
JULM Fees and Expenses
Annual operating expenses and sales charges of JULM. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 |
JULM Costs Over Time
On $10,000 invested in JULM, assuming 5% a year before costs, total costs come to $542 over 5 years, cutting the return by 0.91% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $298 | $542 |
| Value after costs | $10,409 | $11,279 | $12,221 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
JULM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0144%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $44.9M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
JULM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| X-CHANGE FINANCIAL ACCESS, LLC | $2K | 57.12% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $1K | 29.36% |
| Wolverine Execution Services LLC | $508 | 13.52% |
JULM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $22.9M | 51.07% |
| TD SECURITIES (USA) LLC | $17.9M | 39.88% |
| GOLDMAN SACHS & CO. LLC | $4.1M | 9.05% |
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.