FXD Fees and Costs — First Trust Consumer Discretionary AlphaDEX Fund
Data updated: 2026-10-13
The net expense ratio is 0.60%: a 0.50% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $115K in broker commissions, 0.0394% of average net assets, and portfolio turnover was 98%.
FXD Fees and Expenses
Annual operating expenses and sales charges of FXD. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
FXD Costs Over Time
On $10,000 invested in FXD, assuming 5% a year before costs, total costs come to $403 over 5 years, cutting the return by 0.67% 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 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $221 | $403 |
| Value after costs | $10,433 | $11,356 | $12,360 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
FXD 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): 0.0394%
- Total broker commissions: $115K
- Bought from dealers (principal trades, not a cost): $148.5M
- Portfolio turnover (prospectus): 98%
FXD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $40K | 34.35% |
| J.P. Morgan Securities LLC | $28K | 23.90% |
| MIZUHO SECURITIES USA LLC | $27K | 23.81% |
| CANTOR FITZGERALD & CO. | $21K | 17.91% |
| BOFA SECURITIES, INC. | $42 | 0.04% |
FXD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $32.9M | 22.14% |
| CITADEL SECURITIES LLC | $30.7M | 20.69% |
| Jane Street Execution Services, LLC | $27.3M | 18.42% |
| BOFA SECURITIES, INC. | $19.9M | 13.41% |
| BNP PARIBAS SECURITIES CORP. | $16.9M | 11.39% |
| MORGAN STANLEY & CO. LLC | $7.1M | 4.81% |
| J.P. Morgan Securities LLC | $3.5M | 2.35% |
| ABN AMRO Clearing USA LLC | $3.5M | 2.33% |
| Goldman Sachs & Co. LLC | $3.3M | 2.25% |
| RBC CAPITAL MARKETS, LLC | $3.3M | 2.21% |
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.