AVEGX Fees and Costs — Ave Maria Growth Fund
Data updated: 2026-08-28
The net expense ratio is 0.90%: a 0.75% management fee plus 0.15% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $249K in broker commissions, 0.0226% of average net assets, and portfolio turnover was 17%.
AVEGX Fees and Expenses
Annual operating expenses and sales charges of AVEGX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.15% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
AVEGX Costs Over Time
On $10,000 invested in AVEGX, assuming 5% a year before costs, total costs come to $578 over 5 years, cutting the return by 0.97% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $578 |
| Value after costs | $10,403 | $11,259 | $12,185 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
AVEGX 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): 0.0226%
- Total broker commissions: $249K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
AVEGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $125K | 50.19% |
| BTIG LLC | $51K | 20.63% |
| STIFEL, NICOLAUS AND CO., INC. | $38K | 15.06% |
| JONES TRADING INSTITUTIONAL SERVICES LLC | $14K | 5.62% |
| STRATEGAS RESEARCH PARTNERS, LLC | $8K | 3.07% |
| MORGAN STANLEY & CO., LLC | $8K | 3.01% |
| RAYMOND JAMES and ASSOCIATES, INC. | $4K | 1.41% |
| J P. MORGAN SECURITIES LLC | $2K | 0.60% |
| CJS SECURITIES, INC. | $1K | 0.40% |
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.