AFDVX Fees and Costs — Applied Finance Explorer Fund, Investor Class
Data updated: 2026-09-23
The net expense ratio is 1.08%: a 1.14% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses, less a 0.57% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $270K in broker commissions, 0.0296% of average net assets, and portfolio turnover was 39%.
AFDVX Fees and Expenses
Annual operating expenses and sales charges of AFDVX. Prospectus, as of August 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.14% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.65% |
| Fee waiver | −0.57% |
| Net expense ratio | 1.08% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AFDVX Costs Over Time
On $10,000 invested in AFDVX, assuming 5% a year before costs, total costs come to $693 over 5 years, cutting the return by 1.17% 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 1.08%) | $113 | $353 | $612 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $381 | $693 |
| Value after costs | $10,383 | $11,195 | $12,070 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
AFDVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0296%
- Total broker commissions: $270K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
AFDVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $186K | 68.86% |
| MISCHLER FINANCIAL GROUP, INC. | $84K | 31.14% |
Applied Finance Explorer Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AFDZX | Institutional Class | 0.83% | — |
| AFDVX | Investor Class | 1.08% | — |
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.