YSEP Fees and Costs — FT Vest International Equity Moderate Buffer ETF - September
Data updated: 2026-09-21
The net expense ratio is 0.90%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $97K in broker commissions, 0.1278% of average net assets, and portfolio turnover was 0%.
YSEP Fees and Expenses
Annual operating expenses and sales charges of YSEP. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| 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 |
YSEP Costs Over Time
On $10,000 invested in YSEP, assuming 5% a year before costs, total costs come to $643 over 5 years, cutting the return by 1.08% 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 0.90%) | $94 | $295 | $511 |
| Trading costs (broker commissions) | $13 | $42 | $73 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $353 | $643 |
| Value after costs | $10,392 | $11,223 | $12,120 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
YSEP 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): 0.1278%
- Total broker commissions: $97K
- Bought from dealers (principal trades, not a cost): $64.8M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
YSEP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| X-CHANGE FINANCIAL ACCESS, LLC | $59K | 60.69% |
| Wolverine Execution Services LLC | $26K | 26.44% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $12K | 12.88% |
YSEP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $47.5M | 73.35% |
| GOLDMAN SACHS & CO. LLC | $10.5M | 16.19% |
| J.P. Morgan Securities LLC | $6.8M | 10.46% |
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.