AQEIX Fees and Costs — Lkcm Aquinas Catholic Equity Fund
Data updated: 2026-08-19
The net expense ratio is 1.00%: a 0.90% management fee, a 0.10% 12b-1 fee plus 0.47% other expenses, less a 0.47% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8K in broker commissions, 0.0135% of average net assets, and portfolio turnover was 9%.
AQEIX Fees and Expenses
Annual operating expenses and sales charges of AQEIX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.47% |
| Gross expense ratio | 1.47% |
| Fee waiver | −0.47% |
| Net expense ratio | 1.00% |
| 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 | No |
AQEIX Costs Over Time
On $10,000 invested in AQEIX, assuming 5% a year before costs, total costs come to $634 over 5 years, cutting the return by 1.06% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $348 | $634 |
| Value after costs | $10,394 | $11,228 | $12,129 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
AQEIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0135%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 9%
- Securities lending: none during the year
AQEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ISI FINANCIAL GROUP INC | $5K | 59.51% |
| STRATEGAS SECURITIES LLC | $1K | 15.77% |
| INSTINET LLC | $912 | 11.20% |
| NEEDHAM & COMPANY LLC | $620 | 7.62% |
| CAPITAL INSTITUTIONAL SERVICES INC. | $360 | 4.42% |
| STEPHENS INC. | $80 | 0.98% |
| TRUIST SECURITIES INC. | $40 | 0.49% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.