AVANX Fees and Costs — Avantis International Small Cap Value Fund, G Class
Data updated: 2026-07-29
The net expense ratio is 0.00% (0.36% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $53K in broker commissions, 0.0178% of average net assets, and portfolio turnover was 31%.
AVANX Fees and Expenses
Annual operating expenses and sales charges of AVANX. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.36% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.36% |
| Fee waiver | −0.36% |
| Net expense ratio | 0.00% |
| 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 |
AVANX Costs Over Time
On $10,000 invested in AVANX, assuming 5% a year before costs, total costs come to $11 over 5 years, cutting the return by 0.02% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $2 | $6 | $11 |
| Value after costs | $10,498 | $11,570 | $12,751 |
| Impact on return, per year | 0.02% | 0.02% | 0.02% |
AVANX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0178%
- Total broker commissions: $53K
- Bought from dealers (principal trades, not a cost): $149.1M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $25.5M
- Net income from securities lending: $336K (0.113% of average net assets)
AVANX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein | $24K | 46.12% |
| Jefferies LLC | $16K | 31.26% |
| J.P. Morgan Securities | $9K | 16.19% |
| Bank of America Merrill Lynch | $3K | 6.31% |
| Citadel Securities CSHC US LLC | $55 | 0.10% |
| Goldman Sachs | $1 | 0.00% |
AVANX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $52.0M | 35.08% |
| Bank of America Merrill Lynch | $34.5M | 23.24% |
| UBS Warburg | $23.1M | 15.60% |
| J.P. Morgan Securities | $21.0M | 14.18% |
| Morgan Stanley | $12.6M | 8.51% |
| Citigroup Capital Markets Inc | $3.3M | 2.19% |
| Saras SPA | $769K | 0.52% |
| Uponor OYJ | $418K | 0.28% |
| Euronav NV | $341K | 0.23% |
| Macquarie Securities | $247K | 0.17% |
Avantis International Small Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AVANX | G Class | 0.00% | — |
| AVDVX | Institutional Class | 0.36% | — |
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.