FTSIX Fees and Costs — FullerThaler Behavioral Small-Mid Core Equity Fund, Institutional Shares
Data updated: 2026-08-28
The net expense ratio is 0.93%: a 0.74% management fee plus 0.31% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $23K in broker commissions, 0.0325% of average net assets, and portfolio turnover was 25%.
FTSIX Fees and Expenses
Annual operating expenses and sales charges of FTSIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.05% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.93% |
| 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 | Yes |
FTSIX Costs Over Time
On $10,000 invested in FTSIX, assuming 5% a year before costs, total costs come to $603 over 5 years, cutting the return by 1.01% 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 0.93%) | $98 | $305 | $529 |
| Trading costs (broker commissions) | $3 | $11 | $18 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $331 | $603 |
| Value after costs | $10,399 | $11,245 | $12,160 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
FTSIX 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): 0.0325%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $27.3M
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $8K
- Net income from securities lending: $7 (0.000% of average net assets)
FTSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Weeden Prime Services LLC | $14K | 60.94% |
| INSTINET LLC | $5K | 23.01% |
| BATS TRADING INC | $2K | 10.66% |
| WELLS FARGO SECURITIES LLC | $666 | 2.85% |
| RBC CAPITAL MARKETS | $383 | 1.64% |
| BANK OF AMERICA MERRIL LYNCH | $130 | 0.56% |
| VIRTU AMERICAS LLC | $46 | 0.20% |
| STATE STREET GLOBAL MARKETS LLC | $36 | 0.15% |
FullerThaler Behavioral Small-Mid Core 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 |
|---|---|---|---|
| FTSFX | R6 Shares | 0.83% | none |
| FTSIX | Institutional Shares | 0.93% | none |
| FTSAX | A Shares | 1.32% | 5.75% |
| FTWCX | C Shares | 1.82% | 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.