AVEEX Fees and Costs — Avantis Emerging Markets Equity Fund, Institutional Class
Data updated: 2026-07-29
The net expense ratio is 0.33%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $48K in broker commissions, 0.0136% of average net assets, and portfolio turnover was 22%.
AVEEX Fees and Expenses
Annual operating expenses and sales charges of AVEEX. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.33% |
| Fee waiver | — |
| Net expense ratio | 0.33% |
| 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 |
AVEEX Costs Over Time
On $10,000 invested in AVEEX, assuming 5% a year before costs, total costs come to $218 over 5 years, cutting the return by 0.36% 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 0.33%) | $35 | $109 | $190 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $36 | $119 | $218 |
| Value after costs | $10,464 | $11,457 | $12,545 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
AVEEX 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): 0.0136%
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): $56.1M
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: $13.2M
- Net income from securities lending: $309K (0.087% of average net assets)
AVEEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein | $20K | 40.57% |
| Jefferies LLC | $19K | 38.51% |
| Bank of America Merrill Lynch | $5K | 10.63% |
| J.P. Morgan Securities | $5K | 10.22% |
| Citigroup Capital Markets Inc | $37 | 0.08% |
AVEEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Warburg | $27.4M | 48.94% |
| Bank of America Merrill Lynch | $13.5M | 24.18% |
| J.P. Morgan Securities | $6.9M | 12.33% |
| Goldman Sachs | $6.5M | 11.52% |
| Morgan Stanley | $1.0M | 1.87% |
| Cielo SA | $234K | 0.42% |
| Citigroup Capital Markets Inc | $215K | 0.38% |
| Metro Pacific Investments Co | $120K | 0.21% |
| UMW Holdings | $48K | 0.09% |
| Bangchak Sriracha | $29K | 0.05% |
Avantis Emerging Markets 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 |
|---|---|---|---|
| AVENX | G Class | 0.00% | — |
| AVEEX | Institutional Class | 0.33% | — |
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.