QMAG Fees and Costs — FT Vest Nasdaq-100 Moderate Buffer ETF - August
Data updated: 2026-08-24
The net expense ratio is 0.90%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0151% of average net assets, and portfolio turnover was 0%.
QMAG Fees and Expenses
Annual operating expenses and sales charges of QMAG. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| 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 |
QMAG Costs Over Time
On $10,000 invested in QMAG, assuming 5% a year before costs, total costs come to $573 over 5 years, cutting the return by 0.96% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $315 | $573 |
| Value after costs | $10,404 | $11,261 | $12,189 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
QMAG 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): 0.0151%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $145.2M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
QMAG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| X-CHANGE FINANCIAL ACCESS, LLC | $5K | 68.80% |
| Wolverine Execution Services LLC | $2K | 31.20% |
QMAG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $50.4M | 34.74% |
| GOLDMAN SACHS & CO. LLC | $49.3M | 33.92% |
| Cowen and Company, LLC | $22.7M | 15.63% |
| BOFA SECURITIES, INC. | $11.5M | 7.90% |
| RBC CAPITAL MARKETS, LLC | $11.3M | 7.81% |
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.