FSZ Fees and Costs — First Trust Switzerland 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 $52K in broker commissions, 0.0792% of average net assets.
FSZ Fees and Expenses
Annual operating expenses and sales charges of FSZ. 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 |
FSZ Costs Over Time
On $10,000 invested in FSZ, assuming 5% a year before costs, total costs come to $551 over 5 years, cutting the return by 0.92% 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) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $303 | $551 |
| Value after costs | $10,408 | $11,274 | $12,212 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
FSZ 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): 0.0792%
- Total broker commissions: $52K
- Bought from dealers (principal trades, not a cost): $68.4M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FSZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $26K | 50.00% |
| J.P. Morgan Securities LLC | $24K | 46.43% |
| BOFA SECURITIES, INC. | $2K | 3.38% |
| UBS Securities LLC | $96 | 0.19% |
FSZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $26.4M | 38.62% |
| J.P. Morgan Securities LLC | $19.5M | 28.53% |
| UBS SECURITIES LLC | $14.8M | 21.70% |
| JANE STREET CAPITAL, LLC | $7.6M | 11.15% |
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.