CAMSX Fees and Costs — Cambiar Small Cap Fund, Investor Class
Data updated: 2026-09-28
The net expense ratio is 1.12%: a 0.85% management fee plus 0.53% other expenses, less a 0.26% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $34K in broker commissions, 0.0526% of average net assets, and portfolio turnover was 26%.
CAMSX Fees and Expenses
Annual operating expenses and sales charges of CAMSX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.53% |
| Gross expense ratio | 1.38% |
| Fee waiver | −0.26% |
| Net expense ratio | 1.12% |
| 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 |
CAMSX Costs Over Time
On $10,000 invested in CAMSX, assuming 5% a year before costs, total costs come to $731 over 5 years, cutting the return by 1.23% 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 1.12%) | $118 | $366 | $634 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $402 | $731 |
| Value after costs | $10,377 | $11,174 | $12,032 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
CAMSX 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): 0.0526%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
CAMSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wachovia Capital Markets | $12K | 34.54% |
| Jefferies LLC | $10K | 30.47% |
| Societe Generale | $4K | 12.33% |
| Barclays Bank | $4K | 11.24% |
| Raymond James and Associates | $3K | 7.98% |
| Strategas Securities | $786 | 2.29% |
| Instinet | $396 | 1.15% |
Cambiar Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CAMZX | Institutional Class | 0.90% | — |
| CAMSX | Investor Class | 1.12% | — |
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.