ADSIX Fees and Costs — Disciplined Growth Fund, Investor Class
Data updated: 2026-09-14
The net expense ratio is 0.91%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $98K in broker commissions, 0.0211% of average net assets, and portfolio turnover was 57%.
ADSIX Fees and Expenses
Annual operating expenses and sales charges of ADSIX. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.91% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.91% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
ADSIX Costs Over Time
On $10,000 invested in ADSIX, assuming 5% a year before costs, total costs come to $583 over 5 years, cutting the return by 0.98% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $98 | $320 | $583 |
| Value after costs | $10,402 | $11,256 | $12,180 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
ADSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0211%
- Total broker commissions: $98K
- Bought from dealers (principal trades, not a cost): $549.6M
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
ADSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $13K | 16.80% |
| BANK OF AMERICA MERRILL LYNCH | $12K | 15.98% |
| CITIGROUP CAPITAL MARKETS INC. | $9K | 12.36% |
| J.P. MORGAN SECURITIES | $9K | 11.83% |
| MORGAN STANLEY | $8K | 10.72% |
| BERNSTEIN INSTITUTIONAL SERVICES | $8K | 10.09% |
| TRUIST SECURITIES | $6K | 8.26% |
| GUZMAN SECURITIES | $4K | 4.87% |
| ROBERT W BAIRD | $4K | 4.65% |
| PIPER SANDLER & CO | $3K | 4.42% |
ADSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS LLC | $542.6M | 98.73% |
| BMO CAPITAL MARKETS | $7.0M | 1.27% |
Disciplined Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ADCYX | Y Class | 0.66% | none |
| ADCIX | I Class | 0.71% | none |
| ADGGX | R5 Class | 0.71% | none |
| ADSIX | Investor Class | 0.91% | none |
| ADCVX | A Class | 1.16% | 5.75% |
| ADRRX | R Class | 1.41% | none |
| ADCCX | C Class | 1.91% | none |
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.