Expense Ratio History

FOVAX expense ratio history

First Trust/Confluence Small Cap Value Fund, Class A

Fund company
First Trust
Type
Mutual fund

3.55%

In basis points
355 basis points
Yearly cost per $10,000
$355
Prospectus dated
3 March 2025, filed with the SEC; rounded to 0.01%
Last change
Raised from 3.04% on 3 March 2025

Fee over time

FOVAX expense ratio: 2.90% until 3 Mar 2014, then 11.62%; 11.62% until 2 Mar 2015, then 8.88%; 8.88% until 1 Mar 2016, then 7.82%; 7.82% until 1 Mar 2017, then 5.86%; 5.86% until 1 Mar 2018, then 3.56%; 3.56% until 1 Mar 2019, then 2.71%; 2.71% until 2 Mar 2020, then 2.66%; 2.66% until 1 Mar 2021, then 2.69%; 2.69% until 1 Mar 2022, then 2.41%; 2.41% until 1 Mar 2023, then 2.61%; 2.61% until 1 Mar 2024, then 3.04%; 3.04% until 3 Mar 2025, then 3.55%; read at 3.55% on 3 Mar 2025.0.00%5.00%10.00%15.00%20.00%Jan 2011Jun 2013Nov 2015Apr 2018Sep 2020Feb 20232.90% before3.55% from 3 Mar 2025
FOVAX expense ratio: 2.90% until 3 Mar 2014, then 11.62%; 11.62% until 2 Mar 2015, then 8.88%; 8.88% until 1 Mar 2016, then 7.82%; 7.82% until 1 Mar 2017, then 5.86%; 5.86% until 1 Mar 2018, then 3.56%; 3.56% until 1 Mar 2019, then 2.71%; 2.71% until 2 Mar 2020, then 2.66%; 2.66% until 1 Mar 2021, then 2.69%; 2.69% until 1 Mar 2022, then 2.41%; 2.41% until 1 Mar 2023, then 2.61%; 2.61% until 1 Mar 2024, then 3.04%; 3.04% until 3 Mar 2025, then 3.55%; read at 3.55% on 3 Mar 2025.0.00%5.00%10.00%15.00%20.00%Jan 2011Nov 2015Sep 20202.90% before3.55% from 3 Mar 2025
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.

Share classes

The same fund is sold as 4 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
— — 3.15% 2.25% 11 Jan 2011
FOVAX (this page) Class A 3.55% 1.60% 3 Mar 2025
FOVCX Class C 12.45% 2.35% 3 Mar 2025
FOVIX Class I 2.11% 1.35% 3 Mar 2025

Every figure we've recorded

DateFeeWhat happened
3 Mar 2025 3.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-03-03 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
3 Mar 2025 3.55% Raised from 3.04% to 3.55%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-02-28
1 Mar 2024 3.04% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2024 3.04% Raised from 2.61% to 3.04%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-02-28
1 Mar 2023 2.61% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2023 2.61% Raised from 2.41% to 2.61%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-02-28
1 Mar 2022 2.41% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2022 2.41% Cut from 2.69% to 2.41%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-02-28
1 Mar 2021 2.69% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2021 2.69% Raised from 2.66% to 2.69%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-02-26
2 Mar 2020 2.66% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-03-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
2 Mar 2020 2.66% Cut from 2.71% to 2.66%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-03-10
1 Mar 2019 2.71% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-03-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Mar 2019 2.71% Cut from 3.56% to 2.71%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2019-03-04
8 Jan 2019 3.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-01-08 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
2 Jul 2018 3.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-07-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2018 3.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2018 3.56% Cut from 5.86% to 3.56%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-03-05
1 Mar 2017 5.86% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2017 5.86% Cut from 7.82% to 5.86%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-03-08
1 Mar 2016 7.82% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-03-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Mar 2016 7.82% Cut from 8.88% to 7.82%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2016-03-15
18 Mar 2015 8.88% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-03-18 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
2 Mar 2015 8.88% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-03-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
2 Mar 2015 8.88% Cut from 11.62% to 8.88%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-03-11
16 Jun 2014 11.62% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-06-16 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
3 Mar 2014 11.62% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-03-03 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
3 Mar 2014 11.62% Raised from 2.90% to 11.62%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2014-03-18
11 Jan 2011 2.90% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-01-11 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 3.55% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$3,870 in fees over 10 years

After fees, $10,000 grows to $11,448.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$364
3 years$1,107
5 years$1,870
10 years$3,870

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 17 prospectuses for this share class since 2011. Each one is listed above with a link to the filing.

How we read fees

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