AFVLX Fees and Costs — Applied Finance Select Fund, Investor Class
Data updated: 2026-09-23
The net expense ratio is 100.00%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $39K in broker commissions, 0.0060% of average net assets, and portfolio turnover was 20%.
AFVLX Fees and Expenses
Annual operating expenses and sales charges of AFVLX. Prospectus, as of August 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.28% |
| Gross expense ratio | — |
| Fee waiver | −0.43% |
| Net expense ratio | 100.00% |
| 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 |
AFVLX Costs Over Time
On $10,000 invested in AFVLX, assuming 5% a year before costs, total costs come to $12,763 over 5 years, cutting the return by — 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 100.00%) | $10,500 | $10,499 | $10,499 |
| Trading costs (broker commissions) | $1 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $1,076 | $2,263 |
| Total costs | $10,501 | $11,576 | $12,763 |
| Value after costs | −$1 | $0 | $0 |
| Impact on return, per year | — | — | — |
AFVLX 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): 0.0060%
- Total broker commissions: $39K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
AFVLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $21K | 54.23% |
| MISCHLER FINANCIAL GROUP, INC. | $18K | 45.77% |
Applied Finance Select Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AFVZX | Institutional Class | 75.00% | — |
| AFVLX | Investor Class | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.