CMFIX Fees and Costs — CM Advisors Fixed Income Fund
Data updated: 2026-07-23
The net expense ratio is 0.88%: a 0.50% management fee plus 1.05% other expenses, less a 0.68% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 40%.
CMFIX Fees and Expenses
Annual operating expenses and sales charges of CMFIX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.05% |
| Gross expense ratio | 1.56% |
| Fee waiver | −0.68% |
| Net expense ratio | 0.88% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CMFIX Costs Over Time
On $10,000 invested in CMFIX, assuming 5% a year before costs, total costs come to $552 over 5 years, cutting the return by 0.92% 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 0.88%) | $92 | $289 | $501 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $92 | $303 | $552 |
| Value after costs | $10,408 | $11,273 | $12,211 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
CMFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $14.4M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
CMFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Tradeweb Direct LLC | $13.4M | 93.09% |
| Charles A. Schwab & Co., Inc. | $993K | 6.91% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.