FXN Fees and Costs — First Trust Energy AlphaDEX Fund
Data updated: 2026-10-13
The net expense ratio is 0.63%: a 0.50% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $130K in broker commissions, 0.0254% of average net assets, and portfolio turnover was 90%.
FXN Fees and Expenses
Annual operating expenses and sales charges of FXN. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.63% |
| Fee waiver | — |
| Net expense ratio | 0.63% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
FXN Costs Over Time
On $10,000 invested in FXN, assuming 5% a year before costs, total costs come to $413 over 5 years, cutting the return by 0.69% 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 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $226 | $413 |
| Value after costs | $10,431 | $11,350 | $12,350 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
FXN 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): 0.0254%
- Total broker commissions: $130K
- Bought from dealers (principal trades, not a cost): $2.1B
- Portfolio turnover (prospectus): 90%
FXN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $72K | 55.17% |
| MIZUHO SECURITIES USA LLC | $21K | 16.43% |
| BTIG, LLC | $18K | 14.02% |
| CITADEL SECURITIES LLC | $17K | 13.12% |
| BOFA SECURITIES, INC. | $746 | 0.57% |
| CANTOR FITZGERALD & CO. | $608 | 0.47% |
| GOLDMAN SACHS & CO. LLC | $291 | 0.22% |
FXN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $526.3M | 24.96% |
| BOFA SECURITIES, INC. | $455.2M | 21.59% |
| Goldman Sachs & Co. LLC | $435.0M | 20.63% |
| VIRTU AMERICAS LLC | $235.7M | 11.18% |
| CITADEL SECURITIES LLC | $146.9M | 6.97% |
| RBC CAPITAL MARKETS, LLC | $79.6M | 3.78% |
| BNP PARIBAS SECURITIES CORP. | $73.6M | 3.49% |
| CitiGroup Global Markets Inc. | $54.6M | 2.59% |
| ABN AMRO Clearing USA LLC | $52.5M | 2.49% |
| HRT FINANCIAL LP | $48.7M | 2.31% |
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.