AVLVX Fees and Costs — Avantis U.S. Large Cap Value Fund, Institutional Class
Data updated: 2026-07-29
The net expense ratio is 0.15%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $14K in broker commissions, 0.0063% of average net assets, and portfolio turnover was 57%.
AVLVX Fees and Expenses
Annual operating expenses and sales charges of AVLVX. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| 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 |
AVLVX Costs Over Time
On $10,000 invested in AVLVX, assuming 5% a year before costs, total costs come to $99 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $16 | $54 | $99 |
| Value after costs | $10,484 | $11,522 | $12,663 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
AVLVX 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): 0.0063%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $101K
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $160K
- Net income from securities lending: $948 (0.000% of average net assets)
AVLVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America Merrill Lynch | $5K | 31.71% |
| J.P. Morgan Securities | $4K | 30.95% |
| Jefferies LLC | $3K | 20.41% |
| Sanford C. Bernstein | $2K | 16.92% |
AVLVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Trinet Group Inc | $101K | 100.00% |
Avantis U.S. Large 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 |
|---|---|---|---|
| ALCEX | G Class | 0.00% | — |
| AVLVX | Institutional Class | 0.15% | — |
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.