Expense Ratio History

FTQI expense ratio history

First Trust Nasdaq BuyWrite Income ETF

Fund company
First Trust
Type
ETF

0.75%

In basis points
75 basis points
Yearly cost per $10,000
$75
Prospectus dated
1 May 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 0.85% on 1 February 2024

Fee over time

FTQI expense ratio: 0.85% until 1 Feb 2024, then 0.75%; read at 0.75% on 1 May 2026.0.00%0.50%1.00%1.50%Feb 2016Nov 2017Aug 2019May 2021Feb 2023Nov 20240.85% before0.75% from 1 Feb 2024
FTQI expense ratio: 0.85% until 1 Feb 2024, then 0.75%; read at 0.75% on 1 May 2026.0.00%0.50%1.00%1.50%Feb 2016Aug 2019Feb 20230.85% before0.75% from 1 Feb 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
1 May 2026 0.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2025 0.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
3 Feb 2025 0.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-02-03 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2024 0.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2024 0.75% Cut from 0.85% to 0.75%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-02-01
1 Feb 2023 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
11 May 2022 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-05-11 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
9 May 2022 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-05-09 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2022 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2021 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
3 Feb 2020 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-02-03 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2019 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2018 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
13 Dec 2017 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-12-13 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2017 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2016 0.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-02-01 (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 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 15 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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