AVDEX Fees and Costs — Avantis International Equity Fund, Institutional Class
Data updated: 2026-07-29
The net expense ratio is 0.23%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $15K in broker commissions, 0.0068% of average net assets, and portfolio turnover was 6%.
AVDEX Fees and Expenses
Annual operating expenses and sales charges of AVDEX. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.23% |
| Fee waiver | — |
| Net expense ratio | 0.23% |
| 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 |
AVDEX Costs Over Time
On $10,000 invested in AVDEX, assuming 5% a year before costs, total costs come to $150 over 5 years, cutting the return by 0.25% 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 0.23%) | $24 | $76 | $133 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $25 | $82 | $150 |
| Value after costs | $10,475 | $11,494 | $12,612 |
| Impact on return, per year | 0.25% | 0.25% | 0.25% |
AVDEX 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): 0.0068%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $57.6M
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $19.5M
- Net income from securities lending: $173K (0.076% of average net assets)
AVDEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein | $9K | 55.57% |
| Jefferies LLC | $3K | 21.96% |
| J.P. Morgan Securities | $2K | 11.38% |
| Bank of America Merrill Lynch | $2K | 10.10% |
| UBS Warburg | $151 | 0.98% |
| Goldman Sachs | $1 | 0.01% |
AVDEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $22.2M | 38.98% |
| Bank of America Merrill Lynch | $15.0M | 26.34% |
| Morgan Stanley | $7.6M | 13.34% |
| UBS Warburg | $6.1M | 10.73% |
| J.P. Morgan Securities | $5.2M | 9.09% |
| Citigroup Capital Markets Inc | $556K | 0.97% |
| Euronav NV | $81K | 0.14% |
| Simcorp A/S | $78K | 0.14% |
| Lawson Inc | $73K | 0.13% |
| Toshiba Corp | $72K | 0.13% |
Avantis International Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AVDNX | G Class | 0.00% | — |
| AVDEX | Institutional Class | 0.23% | — |
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.