MGOV Fees and Costs — First Trust Intermediate Government Opportunities ETF
Data updated: 2026-09-24
The net expense ratio is 0.66%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0052% of average net assets, and portfolio turnover was 230%.
MGOV Fees and Expenses
Annual operating expenses and sales charges of MGOV. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| 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 |
MGOV Costs Over Time
On $10,000 invested in MGOV, assuming 5% a year before costs, total costs come to $419 over 5 years, cutting the return by 0.70% 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 0.66%) | $69 | $217 | $378 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $229 | $419 |
| Value after costs | $10,430 | $11,347 | $12,344 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
MGOV 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): 0.0052%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $250.5M
- Portfolio turnover (prospectus): 230%
- Securities lending: none during the year
MGOV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $3K | 99.61% |
| RBC CAPITAL MARKETS, LLC | $13 | 0.39% |
MGOV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $57.8M | 24.64% |
| CitiGroup Global Markets Inc. | $47.9M | 20.41% |
| MORGAN STANLEY & CO. LLC | $30.3M | 12.90% |
| STONEX FINANCIAL INC. | $21.6M | 9.19% |
| BMO CAPITAL MARKETS CORP. | $17.3M | 7.39% |
| BOFA SECURITIES, INC. | $15.2M | 6.49% |
| J.P. Morgan Securities LLC | $14.2M | 6.05% |
| BNP PARIBAS SECURITIES CORP. | $12.5M | 5.31% |
| Mizuho Securities USA LLC | $11.0M | 4.71% |
| BARCLAYS CAPITAL, INC. | $6.8M | 2.91% |
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.