FNY Fees and Costs — First Trust Mid Cap Growth AlphaDEX Fund
Data updated: 2026-10-13
The net expense ratio is 0.73%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $276K in broker commissions, 0.0559% of average net assets, and portfolio turnover was 166%.
FNY Fees and Expenses
Annual operating expenses and sales charges of FNY. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
FNY Costs Over Time
On $10,000 invested in FNY, assuming 5% a year before costs, total costs come to $494 over 5 years, cutting the return by 0.83% 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 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $271 | $494 |
| Value after costs | $10,417 | $11,305 | $12,269 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
FNY 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): 0.0559%
- Total broker commissions: $276K
- Bought from dealers (principal trades, not a cost): $814.1M
- Portfolio turnover (prospectus): 166%
FNY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MIZUHO SECURITIES USA LLC | $116K | 41.96% |
| CANTOR FITZGERALD & CO. | $111K | 40.06% |
| OLD MISSION MARKETS LLC | $48K | 17.55% |
| GOLDMAN SACHS & CO. LLC | $934 | 0.34% |
| CITADEL SECURITIES LLC | $218 | 0.08% |
| BTIG, LLC | $36 | 0.01% |
FNY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MIZUHO SECURITIES USA LLC | $306.5M | 37.65% |
| CANTOR FITZGERALD & CO. | $291.8M | 35.84% |
| CITADEL SECURITIES LLC | $88.6M | 10.88% |
| BOFA SECURITIES, INC. | $64.5M | 7.92% |
| VIRTU AMERICAS LLC | $34.4M | 4.22% |
| JANE STREET EXECUTION SERVICES, LLC | $19.0M | 2.34% |
| GOLDMAN SACHS & CO. LLC | $9.4M | 1.15% |
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.