FEM Fees and Costs — First Trust Emerging Markets AlphaDEX Fund
Data updated: 2026-08-21
The net expense ratio is 0.80%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $738K in broker commissions, 0.1735% of average net assets, and portfolio turnover was 111%.
FEM Fees and Expenses
Annual operating expenses and sales charges of FEM. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FEM Costs Over Time
On $10,000 invested in FEM, assuming 5% a year before costs, total costs come to $609 over 5 years, cutting the return by 1.02% 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 0.80%) | $84 | $262 | $455 |
| Trading costs (broker commissions) | $18 | $57 | $99 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $335 | $609 |
| Value after costs | $10,398 | $11,241 | $12,154 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
FEM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1735%
- Total broker commissions: $738K
- Bought from dealers (principal trades, not a cost): $23.1M
- Portfolio turnover (prospectus): 111%
- Securities on loan, average value: $8.5M
- Net income from securities lending: $246K (0.058% of average net assets)
FEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $401K | 54.29% |
| BOFA SECURITIES, INC. | $315K | 42.60% |
| LarrainVial Securities US LLC | $12K | 1.56% |
| GOLDMAN SACHS & CO. LLC | $7K | 0.97% |
| Mizuho Securities USA LLC | $4K | 0.53% |
| CitiGroup Global Markets Inc. | $397 | 0.05% |
FEM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $21.4M | 93.01% |
| Mizuho Securities USA LLC | $1.6M | 6.99% |
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.