FYX Fees and Costs — First Trust Small Cap Core AlphaDEX Fund
Data updated: 2026-10-13
The net expense ratio is 0.58%: a 0.50% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.1M in broker commissions, 0.1047% of average net assets, and portfolio turnover was 101%.
FYX Fees and Expenses
Annual operating expenses and sales charges of FYX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.58% |
| Fee waiver | — |
| Net expense ratio | 0.58% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
FYX Costs Over Time
On $10,000 invested in FYX, assuming 5% a year before costs, total costs come to $431 over 5 years, cutting the return by 0.72% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $11 | $34 | $60 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $72 | $236 | $431 |
| Value after costs | $10,428 | $11,340 | $12,332 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
FYX 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): 0.1047%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $1.7B
- Portfolio turnover (prospectus): 101%
FYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $681K | 61.75% |
| BTIG, LLC | $409K | 37.06% |
| CANTOR FITZGERALD & CO. | $9K | 0.82% |
| GOLDMAN SACHS & CO. LLC | $2K | 0.20% |
| Mizuho Securities USA LLC | $782 | 0.07% |
| J.P. Morgan Securities LLC | $597 | 0.05% |
| BOFA SECURITIES, INC. | $577 | 0.05% |
| OLD MISSION MARKETS LLC | $3 | 0.00% |
FYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $1.1B | 64.12% |
| GOLDMAN SACHS & CO. LLC | $435.4M | 25.96% |
| CITADEL SECURITIES LLC | $58.6M | 3.49% |
| RBC CAPITAL MARKETS, LLC | $36.9M | 2.20% |
| VIRTU AMERICAS LLC | $36.5M | 2.18% |
| Jane Street Execution Services, LLC | $30.2M | 1.80% |
| CIDARA THERAPEUTICS INC | $4.0M | 0.24% |
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.