CIVVX Fees and Costs — Causeway International Value Fund, Investor Class
Data updated: 2026-08-28
The net expense ratio is 1.10% (1.11% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8.6M in broker commissions, 0.0643% of average net assets, and portfolio turnover was 46%.
CIVVX Fees and Expenses
Annual operating expenses and sales charges of CIVVX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.01% |
| 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 |
CIVVX Costs Over Time
On $10,000 invested in CIVVX, assuming 5% a year before costs, total costs come to $726 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) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $400 | $726 |
| Value after costs | $10,378 | $11,177 | $12,037 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
CIVVX 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): 0.0643%
- Total broker commissions: $8.6M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
CIVVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BAML | $1.1M | 19.46% |
| UBS INTERNATIONAL INC | $910K | 16.11% |
| MORGAN STANLEY & CO, INC | $775K | 13.72% |
| LASALLE NATIONAL BANK-SEC. PROC.OPER. | $671K | 11.87% |
| J P MORGAN CHASE BANK | $575K | 10.18% |
| BARCLAY BANK PLC | $441K | 7.81% |
| INSTINET | $318K | 5.62% |
| MACQUARIE CAPITAL | $290K | 5.13% |
| CSFB | $289K | 5.11% |
| BNP PARIBAS | $283K | 5.00% |
Causeway International Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CIVIX | Institutional Class | 0.85% | — |
| CIVVX | Investor Class | 1.10% | — |
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.