CIOVX Fees and Costs — Causeway International Opportunities Fund, Investor Class
Data updated: 2026-08-28
The net expense ratio is 1.18%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $211K in broker commissions, 0.0673% of average net assets, and portfolio turnover was 67%.
CIOVX Fees and Expenses
Annual operating expenses and sales charges of CIOVX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.13% |
| Gross expense ratio | 1.18% |
| Fee waiver | — |
| Net expense ratio | 1.18% |
| 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 |
CIOVX Costs Over Time
On $10,000 invested in CIOVX, assuming 5% a year before costs, total costs come to $776 over 5 years, cutting the return by 1.31% 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 1.18%) | $124 | $386 | $667 |
| Trading costs (broker commissions) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $131 | $428 | $776 |
| Value after costs | $10,369 | $11,148 | $11,986 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
CIOVX 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): 0.0673%
- Total broker commissions: $211K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
CIOVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BAML | $30K | 19.53% |
| NOMURA | $19K | 12.01% |
| J P MORGAN CHASE BANK | $19K | 11.97% |
| MORGAN STANLEY & CO, INC | $18K | 11.74% |
| CITIGROUP | $18K | 11.56% |
| UBS INTERNATIONAL INC | $14K | 8.95% |
| CREDIT LYONNAIS SECURITIES (USA) INC. | $10K | 6.61% |
| MACQUARIE CAPITAL | $10K | 6.28% |
| LASALLE NATIONAL BANK-SEC. PROC.OPER. | $9K | 5.94% |
| HSBC | $8K | 5.41% |
Causeway International Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CIOIX | Institutional Class | 0.92% | — |
| CIOVX | Investor Class | 1.18% | — |
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.