Expense Ratio History

AFSM expense ratio history

First Trust Active Factor Small Cap ETF

Fund company
First Trust
Type
ETF

0.75%

In basis points
75 basis points
Yearly cost per $10,000
$75
Prospectus dated
2 January 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 0.77% on 3 January 2024

Fee over time

AFSM expense ratio: 0.75% until 4 Jan 2021, then 0.77%; 0.77% until 3 Jan 2022, then 0.75%; 0.75% until 3 Jan 2023, then 0.77%; 0.77% until 3 Jan 2024, then 0.75%; read at 0.75% on 2 Jan 2026.0.00%0.50%1.00%1.50%Nov 2019Dec 2020Jan 2022Feb 2023Mar 2024Apr 20250.75% before0.75% from 3 Jan 2024
AFSM expense ratio: 0.75% until 4 Jan 2021, then 0.77%; 0.77% until 3 Jan 2022, then 0.75%; 0.75% until 3 Jan 2023, then 0.77%; 0.77% until 3 Jan 2024, then 0.75%; read at 0.75% on 2 Jan 2026.0.00%0.50%1.00%1.50%Nov 2019Dec 2021Jan 20240.75% before0.75% from 3 Jan 2024
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

DateFeeWhat happened
2 Jan 2026 0.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-01-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
2 Jan 2025 0.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-01-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
3 Jan 2024 0.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-01-03 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
3 Jan 2024 0.75% Cut from 0.77% to 0.75%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-12-29
3 Jan 2023 0.77% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-01-03 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
3 Jan 2023 0.77% Raised from 0.75% to 0.77%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-12-29
3 Jan 2022 0.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-01-03 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
3 Jan 2022 0.75% Cut from 0.77% to 0.75%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-12-29
4 Jan 2021 0.77% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-01-04 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
4 Jan 2021 0.77% Raised from 0.75% to 0.77%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-01-04
27 Nov 2019 0.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-11-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.75% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$933 in fees over 10 years

After fees, $10,000 grows to $15,135.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$77
3 years$241
5 years$418
10 years$933

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 7 prospectuses for this share class since 2019. Each one is listed above with a link to the filing.

How we read fees

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