BVSIX Fees and Costs — Baywood Sociallyresponsible Fund, Institutional Shares
Data updated: 2026-08-21
The net expense ratio is 0.90%: a 0.70% management fee plus 1.21% other expenses, less a 1.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $15K in broker commissions, 0.0906% of average net assets, and portfolio turnover was 15%.
BVSIX Fees and Expenses
Annual operating expenses and sales charges of BVSIX. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.21% |
| Gross expense ratio | 1.92% |
| Fee waiver | −1.02% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BVSIX Costs Over Time
On $10,000 invested in BVSIX, assuming 5% a year before costs, total costs come to $620 over 5 years, cutting the return by 1.04% 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 | $511 |
| Trading costs (broker commissions) | $10 | $30 | $51 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $341 | $620 |
| Value after costs | $10,396 | $11,236 | $12,143 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
BVSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0906%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
BVSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER JAFFRAY & CO. | $15K | 98.90% |
| COWEN AND COMPANY, LLC | $140 | 0.92% |
| CAPITAL INSTITUTIONAL SERVICES, INC. | $28 | 0.18% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.