SCIO Fees and Costs — First Trust Structured Credit Income Opportunities ETF
Data updated: 2026-10-13
The net expense ratio is 0.86%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3K in broker commissions, 0.0012% of average net assets, and portfolio turnover was 100%.
SCIO Fees and Expenses
Annual operating expenses and sales charges of SCIO. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
SCIO Costs Over Time
On $10,000 invested in SCIO, assuming 5% a year before costs, total costs come to $540 over 5 years, cutting the return by 0.90% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $297 | $540 |
| Value after costs | $10,410 | $11,280 | $12,223 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
SCIO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0012%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $819.0M
- Portfolio turnover (prospectus): 100%
SCIO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $3K | 100.00% |
SCIO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $113.7M | 18.32% |
| J.P. MORGAN SECURITIES LLC | $101.0M | 16.28% |
| BMO CAPITAL MARKETS CORP. | $95.9M | 15.45% |
| MORGAN STANLEY & CO. LLC | $61.1M | 9.84% |
| CITIGROUP GLOBAL MARKETS INC. | $59.1M | 9.52% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $48.0M | 7.73% |
| BARCLAYS CAPITAL, INC. | $42.1M | 6.79% |
| BOFA SECURITIES, INC. | $33.9M | 5.46% |
| DEUTSCHE BANK SECURITIES, INC. | $33.2M | 5.36% |
| GOLDMAN SACHS & CO. LLC | $32.6M | 5.25% |
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.