CAMIX Fees and Costs — Cambiar International Equity Fund, Investor Class
Data updated: 2026-09-28
The net expense ratio is 1.02%: a 0.90% management fee plus 0.40% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $118K in broker commissions, 0.0884% of average net assets, and portfolio turnover was 48%.
CAMIX Fees and Expenses
Annual operating expenses and sales charges of CAMIX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 0.40% |
| Gross expense ratio | 1.30% |
| Fee waiver | −0.28% |
| Net expense ratio | 1.02% |
| 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 | Yes |
CAMIX Costs Over Time
On $10,000 invested in CAMIX, assuming 5% a year before costs, total costs come to $692 over 5 years, cutting the return by 1.16% 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 1.02%) | $107 | $334 | $578 |
| Trading costs (broker commissions) | $9 | $29 | $50 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $116 | $381 | $692 |
| Value after costs | $10,384 | $11,196 | $12,071 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
CAMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0884%
- Total broker commissions: $118K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
CAMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $62K | 52.83% |
| Daiwa Securities America | $17K | 14.04% |
| Goldman Sachs and Co. | $11K | 9.19% |
| Barclays Bank PLC | $9K | 7.71% |
| Societe Generale | $9K | 7.48% |
| Nomura | $4K | 3.20% |
| HSBC | $3K | 2.69% |
| William Blair and Co | $3K | 2.32% |
| Instinet | $639 | 0.54% |
Cambiar International Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CAMYX | Institutional Class | 0.90% | — |
| CAMIX | Investor Class | 1.02% | — |
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.