FXU Fees and Costs — First Trust Utilities AlphaDEX Fund
Data updated: 2026-10-13
The net expense ratio is 0.61%: a 0.50% management fee plus 0.11% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $211K in broker commissions, 0.0167% of average net assets, and portfolio turnover was 72%.
FXU Fees and Expenses
Annual operating expenses and sales charges of FXU. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.61% |
| Fee waiver | — |
| Net expense ratio | 0.61% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
FXU Costs Over Time
On $10,000 invested in FXU, assuming 5% a year before costs, total costs come to $395 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 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $2 | $5 | $10 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $216 | $395 |
| Value after costs | $10,434 | $11,360 | $12,368 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
FXU 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): 0.0167%
- Total broker commissions: $211K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 72%
FXU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $94K | 44.66% |
| J.P. MORGAN SECURITIES LLC | $86K | 40.49% |
| MIZUHO SECURITIES USA LLC | $25K | 11.91% |
| CANTOR FITZGERALD & CO. | $3K | 1.33% |
| CITADEL SECURITIES LLC | $1K | 0.64% |
| GOLDMAN SACHS & CO. LLC | $1K | 0.56% |
| OLD MISSION MARKETS LLC | $614 | 0.29% |
| RBC CAPITAL MARKETS, LLC | $242 | 0.11% |
FXU Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $434.4M | 21.86% |
| J.P. MORGAN SECURITIES LLC | $415.9M | 20.93% |
| JANE STREET EXECUTION SERVICES, LLC | $386.3M | 19.44% |
| CITADEL SECURITIES LLC | $304.8M | 15.34% |
| VIRTU AMERICAS LLC | $148.0M | 7.45% |
| RBC CAPITAL MARKETS, LLC | $120.8M | 6.08% |
| GOLDMAN SACHS & CO. LLC | $106.3M | 5.35% |
| BNP PARIBAS SECURITIES CORP. | $46.8M | 2.35% |
| HRT FINANCIAL LP | $13.9M | 0.70% |
| ABN AMRO CLEARING USA LLC | $9.6M | 0.48% |
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.