Expense Ratio History

FCEF expense ratio history

First Trust Income Opportunities ETF

Fund company
First Trust
Type
ETF

3.69%

In basis points
369 basis points
Yearly cost per $10,000
$369
Prospectus dated
2 January 2026, filed with the SEC; rounded to 0.01%
Last change
Raised from 3.67% on 2 January 2026

Fee over time

FCEF expense ratio: 2.54% until 28 Sep 2016, then 2.50%; 2.50% until 2 Jan 2018, then 2.78%; 2.78% until 2 Jan 2019, then 2.96%; 2.96% until 2 Jan 2020, then 3.21%; 3.21% until 4 Jan 2021, then 2.91%; 2.91% until 3 Jan 2022, then 2.46%; 2.46% until 3 Jan 2023, then 2.20%; 2.20% until 3 Jan 2024, then 3.29%; 3.29% until 2 Jan 2025, then 3.67%; 3.67% until 2 Jan 2026, then 3.69%; read at 3.69% on 2 Jan 2026.0.00%2.00%4.00%6.00%Aug 2016Apr 2018Dec 2019Aug 2021Apr 2023Dec 20242.54% before3.69% from 2 Jan 2026
FCEF expense ratio: 2.54% until 28 Sep 2016, then 2.50%; 2.50% until 2 Jan 2018, then 2.78%; 2.78% until 2 Jan 2019, then 2.96%; 2.96% until 2 Jan 2020, then 3.21%; 3.21% until 4 Jan 2021, then 2.91%; 2.91% until 3 Jan 2022, then 2.46%; 2.46% until 3 Jan 2023, then 2.20%; 2.20% until 3 Jan 2024, then 3.29%; 3.29% until 2 Jan 2025, then 3.67%; 3.67% until 2 Jan 2026, then 3.69%; read at 3.69% on 2 Jan 2026.0.00%2.00%4.00%6.00%Aug 2016Nov 2019Feb 20232.54% before3.69% from 2 Jan 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
2 Jan 2026 3.69% 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 2026 3.69% Raised from 3.67% to 3.69%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-12-29
2 Jan 2025 3.67% 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
2 Jan 2025 3.67% Raised from 3.29% to 3.67%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-12-30
3 Jan 2024 3.29% 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 3.29% Raised from 2.20% to 3.29%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-12-29
3 Jan 2023 2.20% 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 2.20% Cut from 2.46% to 2.20%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-12-29
8 Apr 2022 2.46% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-04-08 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
3 Jan 2022 2.46% 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 2.46% Cut from 2.91% to 2.46%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-12-29
4 Jan 2021 2.91% 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 2.91% Cut from 3.21% to 2.91%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-01-04
2 Jan 2020 3.21% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-01-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
2 Jan 2020 3.21% Raised from 2.96% to 3.21%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-01-06
2 Jan 2019 2.96% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-01-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
2 Jan 2019 2.96% Raised from 2.78% to 2.96%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-01-07
2 Jan 2018 2.78% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-01-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
2 Jan 2018 2.78% Raised from 2.50% to 2.78%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-01-03
28 Sep 2016 2.50% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-09-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Sep 2016 2.50% Cut from 2.54% to 2.50%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2016-10-03
26 Sep 2016 2.54% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-09-26 (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 3.69% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$3,996 in fees over 10 years

After fees, $10,000 grows to $11,287.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$378
3 years$1,149
5 years$1,938
10 years$3,996

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 12 prospectuses for this share class since 2016. Each one is listed above with a link to the filing.

How we read fees

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