FTA Fees and Costs — First Trust Large Cap Value AlphaDEX Fund
Data updated: 2026-10-13
The net expense ratio is 0.58%: a 0.50% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $320K in broker commissions, 0.0259% of average net assets, and portfolio turnover was 88%.
FTA Fees and Expenses
Annual operating expenses and sales charges of FTA. 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 | 0.58% |
| Fee waiver | — |
| Net expense ratio | 0.58% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
FTA Costs Over Time
On $10,000 invested in FTA, assuming 5% a year before costs, total costs come to $382 over 5 years, cutting the return by 0.64% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $209 | $382 |
| Value after costs | $10,436 | $11,367 | $12,381 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
FTA 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): 0.0259%
- Total broker commissions: $320K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 88%
FTA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD & CO. | $162K | 50.59% |
| J.P. Morgan Securities LLC | $109K | 33.97% |
| RBC CAPITAL MARKETS, LLC | $47K | 14.76% |
| BTIG, LLC | $744 | 0.23% |
| CITADEL SECURITIES LLC | $588 | 0.18% |
| GOLDMAN SACHS & CO. LLC | $576 | 0.18% |
| Mizuho Securities USA LLC | $263 | 0.08% |
FTA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $600.3M | 37.81% |
| RBC CAPITAL MARKETS, LLC | $484.8M | 30.54% |
| CANTOR FITZGERALD & CO. | $410.6M | 25.86% |
| CITADEL SECURITIES LLC | $35.8M | 2.26% |
| BOFA SECURITIES, INC. | $18.9M | 1.19% |
| BNP PARIBAS SECURITIES CORP. | $18.6M | 1.17% |
| VIRTU AMERICAS LLC | $14.1M | 0.89% |
| Jane Street Execution Services, LLC | $4.6M | 0.29% |
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.