AVSC Fees and Costs — Avantis U.S. Small Cap Equity ETF
Data updated: 2026-07-29
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $65K in broker commissions, 0.0079% of average net assets, and portfolio turnover was 5%.
AVSC Fees and Expenses
Annual operating expenses and sales charges of AVSC. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AVSC Costs Over Time
On $10,000 invested in AVSC, assuming 5% a year before costs, total costs come to $164 over 5 years, cutting the return by 0.27% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $89 | $164 |
| Value after costs | $10,473 | $11,487 | $12,599 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
AVSC 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): 0.0079%
- Total broker commissions: $65K
- Bought from dealers (principal trades, not a cost): $1.9M
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $11.8M
- Net income from securities lending: $274K (0.033% of average net assets)
AVSC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein | $23K | 36.02% |
| Jefferies LLC | $23K | 35.27% |
| Bank of America Merrill Lynch | $9K | 14.33% |
| J.P. Morgan Securities | $8K | 13.01% |
| Citadel Securities CSHC US LLC | $543 | 0.84% |
| Goldman Sachs | $215 | 0.33% |
| Morgan Stanley | $67 | 0.10% |
| UBS Warburg | $29 | 0.05% |
| Barclays Capital | $22 | 0.03% |
| Evercore ISI Investment Group | $8 | 0.01% |
AVSC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morphic Holding Inc | $1.2M | 62.28% |
| Overseas Shipholding Group A | $697K | 36.58% |
| Pfsweb inc | $22K | 1.14% |
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.