FYT Fees and Costs — First Trust Small Cap Value AlphaDEX Fund
Data updated: 2026-10-13
The net expense ratio is 0.70%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $176K in broker commissions, 0.1130% of average net assets, and portfolio turnover was 103%.
FYT Fees and Expenses
Annual operating expenses and sales charges of FYT. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
FYT Costs Over Time
On $10,000 invested in FYT, assuming 5% a year before costs, total costs come to $510 over 5 years, cutting the return by 0.85% 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 0.70%) | $74 | $230 | $399 |
| Trading costs (broker commissions) | $12 | $37 | $64 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $280 | $510 |
| Value after costs | $10,415 | $11,296 | $12,252 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
FYT 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): 0.1130%
- Total broker commissions: $176K
- Bought from dealers (principal trades, not a cost): $185.7M
- Portfolio turnover (prospectus): 103%
FYT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $107K | 60.50% |
| BTIG, LLC | $68K | 38.58% |
| GOLDMAN SACHS & CO. LLC | $529 | 0.30% |
| BOFA SECURITIES, INC. | $483 | 0.27% |
| OLD MISSION MARKETS LLC | $264 | 0.15% |
| CANTOR FITZGERALD & CO. | $259 | 0.15% |
| J.P. MORGAN SECURITIES LLC | $83 | 0.05% |
FYT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $118.4M | 63.78% |
| CITADEL SECURITIES LLC | $38.6M | 20.77% |
| JANE STREET EXECUTION SERVICES, LLC | $10.2M | 5.52% |
| GOLDMAN SACHS & CO. LLC | $6.2M | 3.34% |
| VIRTU AMERICAS LLC | $6.0M | 3.22% |
| RBC CAPITAL MARKETS, LLC | $3.3M | 1.80% |
| ABN AMRO CLEARING USA LLC | $2.9M | 1.57% |
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.