FXO Fees and Costs — First Trust Financials 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 $490K in broker commissions, 0.0292% of average net assets, and portfolio turnover was 93%.
FXO Fees and Expenses
Annual operating expenses and sales charges of FXO. 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 | — |
FXO Costs Over Time
On $10,000 invested in FXO, assuming 5% a year before costs, total costs come to $396 over 5 years, cutting the return by 0.66% 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 | $344 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $217 | $396 |
| Value after costs | $10,434 | $11,359 | $12,366 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
FXO 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): 0.0292%
- Total broker commissions: $490K
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 93%
FXO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $157K | 32.05% |
| BTIG, LLC | $154K | 31.42% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $95K | 19.35% |
| MIZUHO SECURITIES USA LLC | $81K | 16.52% |
| CANTOR FITZGERALD & CO. | $1K | 0.27% |
| GOLDMAN SACHS & CO. LLC | $1K | 0.23% |
| RBC CAPITAL MARKETS, LLC | $793 | 0.16% |
| BOFA SECURITIES, INC. | $28 | 0.01% |
| J.P. Morgan Securities LLC | $1 | 0.00% |
FXO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $531.7M | 29.11% |
| Goldman Sachs & Co. LLC | $523.3M | 28.65% |
| Jane Street Execution Services, LLC | $319.4M | 17.49% |
| RBC CAPITAL MARKETS, LLC | $179.8M | 9.84% |
| CITADEL SECURITIES LLC | $147.6M | 8.08% |
| VIRTU AMERICAS LLC | $79.2M | 4.33% |
| BNP PARIBAS SECURITIES CORP. | $24.7M | 1.35% |
| HRT FINANCIAL LP | $20.6M | 1.13% |
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.