Expense Ratio History

FPEI expense ratio history

First Trust Institutional Preferred Securities and Income ETF

Fund company
First Trust
Type
ETF

0.85%

In basis points
85 basis points
Yearly cost per $10,000
$85
Prospectus dated
2 March 2026, filed with the SEC; rounded to 0.01%

Fee over time

FPEI expense ratio: read at 0.85% on 2 Mar 2026.0.00%0.50%1.00%1.50%Aug 2017Feb 2019Aug 2020Feb 2022Aug 2023Feb 20250.85% on 2 Mar 2026
FPEI expense ratio: read at 0.85% on 2 Mar 2026.0.00%0.50%1.00%1.50%Aug 2017Jul 2020Jun 20230.85% on 2 Mar 2026
Each dot is a prospectus filed with the SEC or a date we read the fee from a source. The fee hasn't changed between them.

Every figure we've recorded

DateFeeWhat happened
2 Mar 2026 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-03-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
3 Mar 2025 0.85% 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
1 Mar 2024 0.85% 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 2023 0.85% 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 2022 0.85% 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 2021 0.85% 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
2 Mar 2020 0.85% 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
1 Mar 2019 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2018 0.85% 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
14 Aug 2017 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-08-14 (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 0.85% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,052 in fees over 10 years

After fees, $10,000 grows to $14,987.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$87
3 years$272
5 years$473
10 years$1,052

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 10 prospectuses for this share class since 2017. Each one is listed above with a link to the filing.

How we read fees

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