FAMFX Fees and Costs — FAM Small Cap Fund, Investor Class
Data updated: 2026-08-31
The net expense ratio is 1.25%: a 0.90% management fee plus 0.34% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $124K in broker commissions, 0.0308% of average net assets, and portfolio turnover was 18%.
FAMFX Fees and Expenses
Annual operating expenses and sales charges of FAMFX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.25% |
| Fee waiver | — |
| Net expense ratio | 1.25% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
FAMFX Costs Over Time
On $10,000 invested in FAMFX, assuming 5% a year before costs, total costs come to $797 over 5 years, cutting the return by 1.34% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $439 | $797 |
| Value after costs | $10,366 | $11,137 | $11,966 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
FAMFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0308%
- Total broker commissions: $124K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
FAMFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WILLIAM BLAIR & COMPANY LLC | $33K | 26.37% |
| KEEFE, BRUYETTE & WOODS, INC. | $28K | 22.60% |
| STIFEL, NICOLAUS & CO., INC. | $19K | 14.90% |
| BTIG LLC | $16K | 12.83% |
| JONES TRADING INSTITUTIONAL SERVICES LLC | $15K | 12.19% |
| JEFFERIES LLC | $12K | 9.31% |
| J.P. MORGAN SECURITIES LLC | $2K | 1.80% |
FAM 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 |
|---|---|---|---|
| FAMDX | Institutional Class | 1.15% | none |
| FAMFX | Investor Class | 1.25% | none |
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.