RDVY Fees and Costs — First Trust Rising Dividend Achievers ETF
Data updated: 2026-08-21
The net expense ratio is 0.47%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1.5M in broker commissions, 0.0152% of average net assets, and portfolio turnover was 69%.
RDVY Fees and Expenses
Annual operating expenses and sales charges of RDVY. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| 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 |
RDVY Costs Over Time
On $10,000 invested in RDVY, assuming 5% a year before costs, total costs come to $307 over 5 years, cutting the return by 0.51% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $168 | $307 |
| Value after costs | $10,449 | $11,409 | $12,456 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
RDVY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0152%
- Total broker commissions: $1.5M
- Bought from dealers (principal trades, not a cost): $7.8B
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
RDVY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $1.1M | 75.56% |
| CITADEL SECURITIES LLC | $202K | 13.27% |
| BTIG, LLC | $138K | 9.10% |
| J.P. Morgan Securities LLC | $11K | 0.69% |
| OLD MISSION CAPITAL, LLC | $10K | 0.66% |
| CANTOR FITZGERALD & CO. | $9K | 0.60% |
| MIZUHO SECURITIES USA LLC | $2K | 0.13% |
| GOLDMAN SACHS & CO. LLC | $1 | 0.00% |
RDVY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $5.8B | 74.96% |
| CITADEL SECURITIES LLC | $860.9M | 11.06% |
| BOFA SECURITIES, INC. | $784.1M | 10.08% |
| GOLDMAN SACHS & CO. LLC | $148.3M | 1.91% |
| Jane Street Execution Services, LLC | $85.2M | 1.10% |
| ABN AMRO Clearing USA LLC | $56.9M | 0.73% |
| BNP PARIBAS SECURITIES CORP. | $8.2M | 0.11% |
| J.P. Morgan Securities LLC | $5.3M | 0.07% |
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.