WCMI Fees and Costs — First Trust WCM International Equity ETF
Data updated: 2026-08-21
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $450K in broker commissions, 0.1263% of average net assets, and portfolio turnover was 111%.
WCMI Fees and Expenses
Annual operating expenses and sales charges of WCMI. Prospectus, as of December 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 |
WCMI Costs Over Time
On $10,000 invested in WCMI, assuming 5% a year before costs, total costs come to $611 over 5 years, cutting the return by 1.03% 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 | $483 |
| Trading costs (broker commissions) | $13 | $41 | $72 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $336 | $611 |
| Value after costs | $10,397 | $11,240 | $12,152 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
WCMI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1263%
- Total broker commissions: $450K
- Bought from dealers (principal trades, not a cost): $970.1M
- Portfolio turnover (prospectus): 111%
- Securities lending: none during the year
WCMI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $301K | 66.92% |
| J.P. Morgan Securities LLC | $70K | 15.58% |
| BOFA SECURITIES, INC. | $68K | 15.04% |
| UBS Securities LLC | $8K | 1.67% |
| Mizuho Securities USA LLC | $4K | 0.79% |
WCMI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $356.5M | 36.75% |
| GOLDMAN SACHS & CO. LLC | $349.2M | 36.00% |
| UBS SECURITIES LLC | $74.6M | 7.69% |
| BOFA SECURITIES, INC. | $69.6M | 7.18% |
| CitiGroup Global Markets Inc. | $55.1M | 5.68% |
| Mizuho Securities USA LLC | $42.1M | 4.34% |
| JANE STREET CAPITAL, LLC | $20.1M | 2.07% |
| VIRTU AMERICAS LLC | $2.8M | 0.29% |
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.