FAD Fees and Costs — First Trust Multi Cap Growth AlphaDEX Fund
Data updated: 2026-10-13
The net expense ratio is 0.63%: a 0.50% management fee plus 0.12% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $187K in broker commissions, 0.0445% of average net assets, and portfolio turnover was 155%.
FAD Fees and Expenses
Annual operating expenses and sales charges of FAD. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.63% |
| Fee waiver | — |
| Net expense ratio | 0.63% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
FAD Costs Over Time
On $10,000 invested in FAD, assuming 5% a year before costs, total costs come to $425 over 5 years, cutting the return by 0.71% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.63%) | $66 | $207 | $360 |
| Trading costs (broker commissions) | $5 | $15 | $25 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $233 | $425 |
| Value after costs | $10,429 | $11,344 | $12,338 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
FAD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0445%
- Total broker commissions: $187K
- Bought from dealers (principal trades, not a cost): $566.1M
- Portfolio turnover (prospectus): 155%
FAD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $118K | 62.83% |
| BTIG, LLC | $68K | 36.54% |
| CANTOR FITZGERALD & CO. | $1K | 0.56% |
| GOLDMAN SACHS & CO. LLC | $125 | 0.07% |
| BOFA SECURITIES, INC. | $5 | 0.00% |
| OLD MISSION MARKETS LLC | $0 | 0.00% |
| J.P. Morgan Securities LLC | $0 | 0.00% |
FAD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $289.0M | 51.05% |
| GOLDMAN SACHS & CO. LLC | $170.9M | 30.20% |
| CITADEL SECURITIES LLC | $51.8M | 9.15% |
| Jane Street Execution Services, LLC | $27.3M | 4.82% |
| VIRTU AMERICAS LLC | $26.2M | 4.62% |
| CIDARA THERAPEUTICS INC | $875K | 0.15% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.