AVUVX Fees and Costs — Avantis U.S. Small Cap Value Fund, Institutional Class
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 $130K in broker commissions, 0.0212% of average net assets, and portfolio turnover was 20%.
AVUVX Fees and Expenses
Annual operating expenses and sales charges of AVUVX. 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) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AVUVX Costs Over Time
On $10,000 invested in AVUVX, assuming 5% a year before costs, total costs come to $172 over 5 years, cutting the return by 0.28% 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) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $4 | $16 |
| Total costs | $28 | $94 | $172 |
| Value after costs | $10,472 | $11,482 | $12,591 |
| Impact on return, per year | 0.28% | 0.28% | 0.28% |
AVUVX 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): 0.0212%
- Total broker commissions: $130K
- Bought from dealers (principal trades, not a cost): $604K
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $4.5M
- Net income from securities lending: $28K (0.005% of average net assets)
AVUVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America Merrill Lynch | $35K | 27.30% |
| Jefferies LLC | $35K | 27.26% |
| Sanford C. Bernstein | $31K | 24.21% |
| J.P. Morgan Securities | $27K | 21.15% |
| Morgan Stanley | $97 | 0.07% |
| UBS Warburg | $5 | 0.00% |
| Barclays Capital | $5 | 0.00% |
| Evercore ISI Investment Group | $1 | 0.00% |
AVUVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Overseas Shipholding Group A | $592K | 98.00% |
| Computer Task Group Inc | $12K | 2.00% |
Avantis U.S. Small 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 |
|---|---|---|---|
| AVCNX | G Class | 0.00% | — |
| AVUVX | Institutional Class | 0.25% | — |
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.