Expense Ratio History

FBDC expense ratio history

FT Confluence BDC & Specialty Finance Income ETF

Fund company
First Trust
Type
ETF

12.44%

In basis points
1244 basis points
Yearly cost per $10,000
$1,244
Prospectus dated
1 April 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 13.69% on 1 April 2026

Fee over time

FBDC expense ratio: 13.69% until 1 Apr 2026, then 12.44%; read at 12.44% on 1 Apr 2026.0.00%5.00%10.00%15.00%20.00%Jun 2025Aug 2025Oct 2025Dec 2025Feb 2026Apr 202613.69% before12.44% from 1 Apr 2026
FBDC expense ratio: 13.69% until 1 Apr 2026, then 12.44%; read at 12.44% on 1 Apr 2026.0.00%5.00%10.00%15.00%20.00%Jun 2025Oct 2025Feb 202613.69% before12.44% from 1 Apr 2026
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
1 Apr 2026 12.44% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-04-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Apr 2026 12.44% Cut from 13.69% to 12.44%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2026-04-01
30 Jun 2025 13.69% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-06-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
23 Jun 2025 13.69% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-06-23 (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 12.44% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$9,109 in fees over 10 years

After fees, $10,000 grows to $4,463.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$1,275
3 years$3,536
5 years$5,461
10 years$9,109

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 3 prospectuses for this share class since 2025. Each one is listed above with a link to the filing.

How we read fees

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