XMAY Fees and Costs — FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May
Data updated: 2026-07-22
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.0266% of average net assets, and portfolio turnover was 0%.
XMAY Fees and Expenses
Annual operating expenses and sales charges of XMAY. Prospectus, as of August 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 | — |
| 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 |
XMAY Costs Over Time
On $10,000 invested in XMAY, assuming 5% a year before costs, total costs come to $550 over 5 years, cutting the return by 0.92% 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) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $302 | $550 |
| Value after costs | $10,408 | $11,274 | $12,213 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
XMAY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0266%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $50.3M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
XMAY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wolverine Execution Services LLC | $4K | 59.12% |
| X-CHANGE FINANCIAL ACCESS, LLC | $3K | 40.88% |
XMAY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $19.1M | 38.02% |
| BOFA SECURITIES, INC. | $18.2M | 36.12% |
| Cowen and Company, LLC | $13.0M | 25.87% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.