AVFNX Fees and Costs — Avantis Core Municipal Fixed Income Fund, G Class
Data updated: 2025-05-08
The net expense ratio is 0.00% (0.15% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 2%.
AVFNX Fees and Expenses
Annual operating expenses and sales charges of AVFNX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | −0.15% |
| 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 |
AVFNX Costs Over Time
On $10,000 invested in AVFNX, assuming 5% a year before costs, total costs come to $0 over 5 years, cutting the return by 0.00% 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 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $0 | $0 |
| Value after costs | $10,500 | $11,576 | $12,763 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
AVFNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.4M
- Portfolio turnover (prospectus): 2%
- Securities lending: none during the year
AVFNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Headlands Technologies Securities, LLC | $1.4M | 42.45% |
| Morgan Stanley | $967K | 28.97% |
| Wells Fargo Securities | $267K | 7.99% |
| Millennium Advisors LLC | $220K | 6.58% |
| Goldman Sachs | $196K | 5.86% |
| Marketaxess Corporation | $104K | 3.10% |
| Keybanc Capital Markets Inc | $80K | 2.40% |
| Stiffel Nicholas Capital Markets | $34K | 1.01% |
| City of Chicago IL 5.75% 1/1/2033 | $32K | 0.94% |
| U.S. Bancorp Investments, Inc | $23K | 0.69% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.