FNX Fees and Costs — First Trust Mid Cap Core AlphaDEX Fund
Data updated: 2026-10-13
The net expense ratio is 0.62%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $574K in broker commissions, 0.0461% of average net assets, and portfolio turnover was 94%.
FNX Fees and Expenses
Annual operating expenses and sales charges of FNX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.62% |
| Fee waiver | — |
| Net expense ratio | 0.62% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
FNX Costs Over Time
On $10,000 invested in FNX, assuming 5% a year before costs, total costs come to $419 over 5 years, cutting the return by 0.70% 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 0.62%) | $65 | $204 | $355 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $230 | $419 |
| Value after costs | $10,430 | $11,346 | $12,343 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
FNX 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): 0.0461%
- Total broker commissions: $574K
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 94%
FNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mizuho Securities USA LLC | $271K | 47.25% |
| CANTOR FITZGERALD & CO. | $212K | 36.83% |
| OLD MISSION MARKETS LLC | $90K | 15.63% |
| GOLDMAN SACHS & CO. LLC | $1K | 0.19% |
| BTIG, LLC | $568 | 0.10% |
| J.P. Morgan Securities LLC | $0 | 0.00% |
FNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Mizuho Securities USA LLC | $581.6M | 33.12% |
| CANTOR FITZGERALD & CO. | $580.5M | 33.06% |
| GOLDMAN SACHS & CO. LLC | $460.4M | 26.22% |
| CITADEL SECURITIES LLC | $53.8M | 3.06% |
| BOFA SECURITIES, INC. | $33.8M | 1.93% |
| RBC CAPITAL MARKETS, LLC | $26.6M | 1.52% |
| VIRTU AMERICAS LLC | $12.8M | 0.73% |
| Jane Street Execution Services, LLC | $6.5M | 0.37% |
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.