ASCGX Fees and Costs — Lisanti Small Cap Growth Fund
Data updated: 2026-08-21
The net expense ratio is 3.06%: a 0.95% management fee plus 2.11% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $129K in broker commissions, 0.6907% of average net assets, and portfolio turnover was 358%.
ASCGX Fees and Expenses
Annual operating expenses and sales charges of ASCGX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.11% |
| Gross expense ratio | 3.06% |
| Fee waiver | — |
| Net expense ratio | 3.06% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ASCGX Costs Over Time
On $10,000 invested in ASCGX, assuming 5% a year before costs, total costs come to $2,221 over 5 years, cutting the return by 3.94% 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 3.06%) | $321 | $974 | $1,641 |
| Trading costs (broker commissions) | $73 | $220 | $370 |
| Lost growth on money paid in costs | $0 | $60 | $209 |
| Total costs | $394 | $1,254 | $2,221 |
| Value after costs | $10,106 | $10,322 | $10,542 |
| Impact on return, per year | 3.94% | 3.94% | 3.94% |
ASCGX 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): 0.6907%
- Total broker commissions: $129K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 358%
- Securities lending: none during the year
ASCGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WILLIAM BLAIR & COMPANY, L.L.C. | $13K | 15.66% |
| ROBERT W. BAIRD & CO. INCORPORATED | $13K | 15.57% |
| MORGAN STANLEY & CO. LLC | $10K | 12.56% |
| RAYMOND JAMES & ASSOCIATES, INC. | $8K | 9.72% |
| NEEDHAM & COMPANY, INC. | $7K | 8.99% |
| ABEL/NOSER CORP. | $7K | 8.12% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $6K | 7.85% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $6K | 7.54% |
| JEFFERIES LLC | $6K | 7.08% |
| PIPER JAFFRAY & CO. | $6K | 6.92% |
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.