CIISX Fees and Costs — Causeway International Small Cap Fund, Institutional Class
Data updated: 2026-08-28
The net expense ratio is 1.10%: a 1.00% management fee plus 0.15% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $151K in broker commissions, 0.0594% of average net assets, and portfolio turnover was 117%.
CIISX Fees and Expenses
Annual operating expenses and sales charges of CIISX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.15% |
| Gross expense ratio | 1.15% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.10% |
| 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 |
CIISX Costs Over Time
On $10,000 invested in CIISX, assuming 5% a year before costs, total costs come to $723 over 5 years, cutting the return by 1.22% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $6 | $19 | $34 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $122 | $398 | $723 |
| Value after costs | $10,378 | $11,178 | $12,040 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
CIISX 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): 0.0594%
- Total broker commissions: $151K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 117%
- Securities lending: none during the year
CIISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT LYONNAIS SECURITIES (USA) INC. | $31K | 20.66% |
| HSBC | $30K | 19.58% |
| CITIGROUP | $25K | 16.74% |
| J P MORGAN CHASE BANK | $24K | 15.72% |
| MACQUARIE CAPITAL | $20K | 13.34% |
| BAML | $18K | 11.85% |
| NOMURA | $2K | 1.33% |
| UBS SECURITIES | $1K | 0.80% |
Causeway International 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 |
|---|---|---|---|
| CIISX | Institutional Class | 1.10% | — |
| CVISX | Investor Class | 1.35% | — |
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.