FTHAX Fees and Costs — FullerThaler Behavioral Small Cap Equity Fund, A Shares
Data updated: 2026-08-27
The net expense ratio is 1.07%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.22% other expenses. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2024 the fund paid $1.9M in broker commissions, 0.0218% of average net assets, and portfolio turnover was 28%.
FTHAX Fees and Expenses
Annual operating expenses and sales charges of FTHAX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.07% |
| Fee waiver | — |
| Net expense ratio | 1.07% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
FTHAX Costs Over Time
On $10,000 invested in FTHAX, assuming 5% a year before costs, total costs come to $1,376 over 5 years, cutting the return by 2.37% 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 |
| Sales charges | $673 | $575 | $575 |
| Fund expenses (net expense ratio 1.07%) | $106 | $330 | $572 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $29 | $107 | $218 |
| Total costs | $810 | $1,019 | $1,376 |
| Value after costs | $9,690 | $10,557 | $11,386 |
| Impact on return, per year | 8.10% | 3.18% | 2.37% |
FTHAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0218%
- Total broker commissions: $1.9M
- Bought from dealers (principal trades, not a cost): $202.6M
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $206.1M
- Net income from securities lending: $137K (0.002% of average net assets)
FTHAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD & CO | $210K | 19.45% |
| INSTINET LLC | $155K | 14.31% |
| GOLDMAN SACHS & CO. | $146K | 13.51% |
| Morgan Stanley & Co Inc | $123K | 11.37% |
| Weeden Prime Services LLC | $97K | 9.02% |
| Merrill Lynch Pierce Fenner & Smith | $81K | 7.53% |
| KEEFE, BRUYETTE, & WOODS INC. | $81K | 7.46% |
| STATE STREET GLOBAL MARKETS LLC | $74K | 6.84% |
| COWEN & COMPANY LLC | $58K | 5.33% |
| STEPHENS, INC. | $56K | 5.20% |
FullerThaler Behavioral Small Cap Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FTHFX | R6 Shares | 0.64% | none |
| FTHSX | Institutional Shares | 0.76% | none |
| FTHNX | Investor Shares | 1.05% | none |
| FTHAX | A Shares | 1.07% | 5.75% |
| FTYCX | C Shares | 1.64% | 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.