ADVKX Fees and Costs — Vaughan Nelson Emerging Markets Fund, Investor Class
Data updated: 2026-09-23
The net expense ratio is 1.26%: a 0.85% management fee, a 0.25% 12b-1 fee plus 1.03% other expenses, less a 0.87% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $150K in broker commissions, 0.3329% of average net assets, and portfolio turnover was 164%.
ADVKX Fees and Expenses
Annual operating expenses and sales charges of ADVKX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.03% |
| Gross expense ratio | 2.13% |
| Fee waiver | −0.87% |
| Net expense ratio | 1.26% |
| 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 | Yes |
ADVKX Costs Over Time
On $10,000 invested in ADVKX, assuming 5% a year before costs, total costs come to $985 over 5 years, cutting the return by 1.67% 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 1.26%) | $132 | $410 | $707 |
| Trading costs (broker commissions) | $35 | $108 | $187 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $167 | $544 | $985 |
| Value after costs | $10,333 | $11,032 | $11,778 |
| Impact on return, per year | 1.67% | 1.67% | 1.67% |
ADVKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.3329%
- Total broker commissions: $150K
- Bought from dealers (principal trades, not a cost): $88.9M
- Portfolio turnover (prospectus): 164%
- Securities lending: none during the year
ADVKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $58K | 39.49% |
| PAVILION GLOBAL MARKETS LTD. | $29K | 19.91% |
| Axis Capital Limited | $18K | 12.14% |
| HSBC SECURITIES (USA) INC. | $17K | 11.57% |
| Grupo Bursatil Mexicano | $11K | 7.13% |
| LIQUIDNET, INC. | $9K | 5.78% |
| RAYMOND JAMES (USA) LTD. | $2K | 1.45% |
| AXIS TRADING CORPORATION | $2K | 1.17% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $1K | 0.98% |
| MORGAN STANLEY | $561 | 0.38% |
ADVKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN & CO. | $88.9M | 100.00% |
Vaughan Nelson Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ADVMX | Institutional Class | 1.01% | none |
| ADVKX | Investor Class | 1.26% | 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.