ACIFX Fees and Costs — Advisors Capital International Fund
Data updated: 2026-05-26
The net expense ratio is 1.78%: a 1.62% management fee plus a 0.15% 12b-1 fee. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $16K in broker commissions, 0.1314% of average net assets, and portfolio turnover was 10%.
ACIFX Fees and Expenses
Annual operating expenses and sales charges of ACIFX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.62% |
| 12b-1 fee | 0.15% |
| Other expenses | — |
| Gross expense ratio | 1.78% |
| Fee waiver | — |
| Net expense ratio | 1.78% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ACIFX Costs Over Time
On $10,000 invested in ACIFX, assuming 5% a year before costs, total costs come to $1,174 over 5 years, cutting the return by 2.01% 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 1.78%) | $187 | $578 | $992 |
| Trading costs (broker commissions) | $14 | $43 | $73 |
| Lost growth on money paid in costs | $0 | $31 | $109 |
| Total costs | $201 | $651 | $1,174 |
| Value after costs | $10,299 | $10,925 | $11,589 |
| Impact on return, per year | 2.01% | 2.01% | 2.01% |
ACIFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1314%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
ACIFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| FIDELITY BROKERAGE SERVICES LLC | $16K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.