FTC Fees and Costs — First Trust Large Cap Growth 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 $217K in broker commissions, 0.0171% of average net assets, and portfolio turnover was 162%.
FTC Fees and Expenses
Annual operating expenses and sales charges of FTC. 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 | — |
FTC Costs Over Time
On $10,000 invested in FTC, assuming 5% a year before costs, total costs come to $377 over 5 years, cutting the return by 0.63% 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) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $63 | $206 | $377 |
| Value after costs | $10,437 | $11,370 | $12,386 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
FTC 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): 0.0171%
- Total broker commissions: $217K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 162%
FTC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD & CO. | $100K | 45.87% |
| J.P. Morgan Securities LLC | $85K | 38.99% |
| RBC CAPITAL MARKETS, LLC | $33K | 15.04% |
| BOFA SECURITIES, INC. | $121 | 0.06% |
| BTIG, LLC | $58 | 0.03% |
| CITADEL SECURITIES LLC | $32 | 0.01% |
FTC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD & CO. | $628.6M | 50.71% |
| RBC CAPITAL MARKETS, LLC | $456.3M | 36.81% |
| VIRTU AMERICAS LLC | $57.7M | 4.65% |
| CITADEL SECURITIES LLC | $56.1M | 4.52% |
| Jane Street Execution Services, LLC | $24.0M | 1.94% |
| BOFA SECURITIES, INC. | $16.9M | 1.36% |
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.