FPA Fees and Costs — First Trust Asia Pacific ex-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 $21K in broker commissions, 0.1104% of average net assets, and portfolio turnover was 104%.
FPA Fees and Expenses
Annual operating expenses and sales charges of FPA. 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 |
FPA Costs Over Time
On $10,000 invested in FPA, assuming 5% a year before costs, total costs come to $570 over 5 years, cutting the return by 0.96% 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) | $12 | $36 | $63 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $313 | $570 |
| Value after costs | $10,404 | $11,263 | $12,192 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
FPA 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): 0.1104%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $4.3M
- Portfolio turnover (prospectus): 104%
- Securities on loan, average value: $312K
- Net income from securities lending: $27K (0.141% of average net assets)
FPA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $12K | 57.89% |
| BOFA SECURITIES, INC. | $9K | 40.61% |
| UBS Securities LLC | $311 | 1.47% |
| GOLDMAN SACHS & CO. LLC | $6 | 0.03% |
| MIZUHO SECURITIES USA LLC | $1 | 0.00% |
FPA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.4M | 33.76% |
| UBS SECURITIES LLC | $1.4M | 33.28% |
| BOFA SECURITIES, INC. | $930K | 21.81% |
| VIRTU AMERICAS LLC | $475K | 11.14% |
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.