FXZ Fees and Costs — First Trust Materials AlphaDEX Fund
Data updated: 2026-10-13
The net expense ratio is 0.64%: a 0.50% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $96K in broker commissions, 0.0324% of average net assets, and portfolio turnover was 92%.
FXZ Fees and Expenses
Annual operating expenses and sales charges of FXZ. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.64% |
| Fee waiver | — |
| Net expense ratio | 0.64% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
FXZ Costs Over Time
On $10,000 invested in FXZ, assuming 5% a year before costs, total costs come to $423 over 5 years, cutting the return by 0.71% 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 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $232 | $423 |
| Value after costs | $10,429 | $11,344 | $12,339 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
FXZ 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): 0.0324%
- Total broker commissions: $96K
- Bought from dealers (principal trades, not a cost): $368.4M
- Portfolio turnover (prospectus): 92%
FXZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MIZUHO SECURITIES USA LLC | $57K | 59.42% |
| RBC CAPITAL MARKETS, LLC | $17K | 17.68% |
| BOFA SECURITIES, INC. | $11K | 11.51% |
| CITADEL SECURITIES LLC | $10K | 10.71% |
| CANTOR FITZGERALD & CO. | $388 | 0.41% |
| GOLDMAN SACHS & CO. LLC | $100 | 0.10% |
| OLD MISSION MARKETS LLC | $95 | 0.10% |
| J.P. Morgan Securities LLC | $73 | 0.08% |
FXZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $145.6M | 39.52% |
| CITADEL SECURITIES LLC | $88.4M | 23.99% |
| Jane Street Execution Services, LLC | $77.1M | 20.93% |
| VIRTU AMERICAS LLC | $33.4M | 9.07% |
| BNP PARIBAS SECURITIES CORP. | $16.1M | 4.37% |
| RBC CAPITAL MARKETS, LLC | $4.0M | 1.08% |
| Goldman Sachs & Co. LLC | $3.9M | 1.05% |
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.