SDVY Fees and Costs — First Trust SMID Cap Rising Dividend Achievers ETF
Data updated: 2026-08-21
The net expense ratio is 0.58%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1.1M in broker commissions, 0.0296% of average net assets, and portfolio turnover was 85%.
SDVY Fees and Expenses
Annual operating expenses and sales charges of SDVY. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.58% |
| Fee waiver | — |
| Net expense ratio | 0.58% |
| 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 |
SDVY Costs Over Time
On $10,000 invested in SDVY, assuming 5% a year before costs, total costs come to $384 over 5 years, cutting the return by 0.64% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $210 | $384 |
| Value after costs | $10,436 | $11,366 | $12,379 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
SDVY 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): 0.0296%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $6.7B
- Portfolio turnover (prospectus): 85%
- Securities lending: none during the year
SDVY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $701K | 64.05% |
| RBC CAPITAL MARKETS, LLC | $250K | 22.85% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $93K | 8.49% |
| OLD MISSION MARKETS LLC | $25K | 2.29% |
| BTIG, LLC | $9K | 0.84% |
| MIZUHO SECURITIES USA LLC | $8K | 0.69% |
| CITADEL SECURITIES LLC | $5K | 0.49% |
| CANTOR FITZGERALD & CO. | $3K | 0.30% |
SDVY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $2.4B | 35.87% |
| BOFA SECURITIES, INC. | $1.8B | 26.59% |
| CITADEL SECURITIES LLC | $1.1B | 16.39% |
| RBC CAPITAL MARKETS, LLC | $574.5M | 8.60% |
| HRT FINANCIAL LP | $445.9M | 6.67% |
| Jane Street Execution Services, LLC | $322.0M | 4.82% |
| ABN AMRO Clearing USA LLC | $69.0M | 1.03% |
| J.P. Morgan Securities LLC | $1.6M | 0.02% |
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.