SDVD Fees and Costs — FT Vest SMID Rising Dividend Achievers Target Income ETF
Data updated: 2026-09-24
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $220K in broker commissions, 0.0525% of average net assets, and portfolio turnover was 122%.
SDVD Fees and Expenses
Annual operating expenses and sales charges of SDVD. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| 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 |
SDVD Costs Over Time
On $10,000 invested in SDVD, assuming 5% a year before costs, total costs come to $566 over 5 years, cutting the return by 0.95% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $95 | $311 | $566 |
| Value after costs | $10,405 | $11,266 | $12,197 |
| Impact on return, per year | 0.95% | 0.95% | 0.95% |
SDVD 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): 0.0525%
- Total broker commissions: $220K
- Bought from dealers (principal trades, not a cost): $934.6M
- Portfolio turnover (prospectus): 122%
- Securities lending: none during the year
SDVD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $93K | 42.28% |
| Jane Street Execution Services, LLC | $67K | 30.42% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $28K | 12.87% |
| SG AMERICAS SECURITIES LLC | $20K | 9.28% |
| FCF SECURITIES AND DERIVATIVES LLC | $8K | 3.79% |
| RBC CAPITAL MARKETS, LLC | $3K | 1.35% |
| CANTOR FITZGERALD & CO. | $11 | 0.00% |
| OLD MISSION MARKETS LLC | $11 | 0.00% |
SDVD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $497.6M | 53.24% |
| BOFA SECURITIES, INC. | $231.4M | 24.76% |
| RBC CAPITAL MARKETS, LLC | $90.6M | 9.69% |
| Jane Street Execution Services, LLC | $86.9M | 9.30% |
| VIRTU AMERICAS LLC | $28.1M | 3.01% |
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.