EBSZX Fees and Costs — Eubel Brady & Suttman Income and Appreciation Fund
Data updated: 2026-09-28
The net expense ratio is 0.24%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5 in broker commissions, and portfolio turnover was 20%.
EBSZX Fees and Expenses
Annual operating expenses and sales charges of EBSZX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.24% |
| Fee waiver | — |
| Net expense ratio | 0.24% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
EBSZX Costs Over Time
On $10,000 invested in EBSZX, assuming 5% a year before costs, total costs come to $152 over 5 years, cutting the return by 0.25% 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 0.24%) | $25 | $79 | $139 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $25 | $83 | $152 |
| Value after costs | $10,475 | $11,493 | $12,610 |
| Impact on return, per year | 0.25% | 0.25% | 0.25% |
EBSZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $5
- Bought from dealers (principal trades, not a cost): $77.1M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
EBSZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CHARLES SCHWAB & CO., INC. | $5 | 100.00% |
EBSZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MARKETAXESS HOLDINGS, INC. | $36.4M | 47.15% |
| EVERCORE GROUP LLC | $19.5M | 25.31% |
| BARCLAYS CAPITAL, INC. | $7.1M | 9.25% |
| CREWS & ASSOCIATES, INC. | $6.8M | 8.75% |
| PIPER SANDLER & CO. | $5.5M | 7.13% |
| FTN FINANCIAL SECURITIES CORP. | $980K | 1.27% |
| MORGAN STANLEY & CO., LLC | $880K | 1.14% |
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.