FJP Fees and Costs — First Trust Japan 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 $166K in broker commissions, 0.0909% of average net assets.
FJP Fees and Expenses
Annual operating expenses and sales charges of FJP. 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 |
FJP Costs Over Time
On $10,000 invested in FJP, assuming 5% a year before costs, total costs come to $558 over 5 years, cutting the return by 0.94% 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) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $94 | $307 | $558 |
| Value after costs | $10,406 | $11,270 | $12,204 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
FJP 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): 0.0909%
- Total broker commissions: $166K
- Bought from dealers (principal trades, not a cost): $59.3M
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $8.1M
- Net income from securities lending: $76K (0.042% of average net assets)
FJP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $93K | 55.84% |
| J.P. Morgan Securities LLC | $73K | 44.13% |
| GOLDMAN SACHS & CO. LLC | $47 | 0.03% |
FJP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $26.4M | 44.48% |
| J.P. Morgan Securities LLC | $23.5M | 39.58% |
| CitiGroup Global Markets Inc. | $6.6M | 11.10% |
| Macquarie Capital (USA) Inc. | $2.9M | 4.84% |
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.