FGM Fees and Costs — First Trust Germany 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 $29K in broker commissions, 0.0653% of average net assets.
FGM Fees and Expenses
Annual operating expenses and sales charges of FGM. 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 |
FGM Costs Over Time
On $10,000 invested in FGM, assuming 5% a year before costs, total costs come to $543 over 5 years, cutting the return by 0.91% 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 | $456 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $298 | $543 |
| Value after costs | $10,409 | $11,278 | $12,220 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
FGM 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): 0.0653%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): $73.0M
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $271K
- Net income from securities lending: $3K (0.006% of average net assets)
FGM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $26K | 88.50% |
| J.P. Morgan Securities LLC | $3K | 9.77% |
| GOLDMAN SACHS & CO. LLC | $510 | 1.74% |
FGM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL, LLC | $32.9M | 45.01% |
| J.P. Morgan Securities LLC | $15.5M | 21.21% |
| UBS SECURITIES LLC | $11.4M | 15.57% |
| GOLDMAN SACHS & CO. LLC | $5.4M | 7.36% |
| VIRTU AMERICAS LLC | $2.8M | 3.83% |
| Mizuho Securities USA LLC | $2.6M | 3.62% |
| CitiGroup Global Markets Inc. | $2.5M | 3.40% |
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.