KNG Fees and Costs — FT Vest S&P 500 Dividend Aristocrats Target Income ETF
Data updated: 2026-09-24
The net expense ratio is 0.74%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3.1M in broker commissions, 0.0848% of average net assets, and portfolio turnover was 152%.
KNG Fees and Expenses
Annual operating expenses and sales charges of KNG. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| 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 |
KNG Costs Over Time
On $10,000 invested in KNG, assuming 5% a year before costs, total costs come to $518 over 5 years, cutting the return by 0.87% 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 0.74%) | $78 | $243 | $422 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $87 | $284 | $518 |
| Value after costs | $10,413 | $11,292 | $12,245 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
KNG 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): 0.0848%
- Total broker commissions: $3.1M
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 152%
- Securities lending: none during the year
KNG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $2.0M | 63.29% |
| SG AMERICAS SECURITIES LLC | $989K | 31.93% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $67K | 2.15% |
| BTIG, LLC | $55K | 1.77% |
| FCF SECURITIES AND DERIVATIVES LLC | $26K | 0.85% |
KNG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1.3B | 51.46% |
| BOFA SECURITIES, INC. | $904.5M | 35.88% |
| Jane Street Execution Services, LLC | $296.7M | 11.77% |
| VIRTU AMERICAS LLC | $12.5M | 0.50% |
| MORGAN STANLEY & CO. LLC | $7.5M | 0.30% |
| CitiGroup Global Markets Inc. | $2.4M | 0.10% |
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.