FTXNX Fees and Costs — FullerThaler Behavioral Small Cap Growth Fund, Investor Shares
Data updated: 2026-08-27
The net expense ratio is 1.36%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $915K in broker commissions, 0.0923% of average net assets, and portfolio turnover was 99%.
FTXNX Fees and Expenses
Annual operating expenses and sales charges of FTXNX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.36% |
| Fee waiver | — |
| Net expense ratio | 1.36% |
| 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 |
FTXNX Costs Over Time
On $10,000 invested in FTXNX, assuming 5% a year before costs, total costs come to $900 over 5 years, cutting the return by 1.52% 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 1.36%) | $143 | $443 | $765 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $24 | $83 |
| Total costs | $152 | $497 | $900 |
| Value after costs | $10,348 | $11,079 | $11,863 |
| Impact on return, per year | 1.52% | 1.52% | 1.52% |
FTXNX 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): 0.0923%
- Total broker commissions: $915K
- Bought from dealers (principal trades, not a cost): $269.9M
- Portfolio turnover (prospectus): 99%
- Securities on loan, average value: $99.7M
- Net income from securities lending: $68K (0.007% of average net assets)
FTXNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $224K | 32.04% |
| Weeden Prime Services LLC | $99K | 14.12% |
| STATE STREET GLOBAL MARKETS LLC | $91K | 13.06% |
| WELLS FARGO SECURITIES LLC | $67K | 9.64% |
| BANK OF AMERICA MERRILL LYNCH | $59K | 8.38% |
| RBC CAPITAL MARKETS | $48K | 6.88% |
| CANTOR FITZGERALD & CO | $39K | 5.60% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $35K | 4.98% |
| WILLIAM BLAIR & COMPANY LLC | $23K | 3.25% |
| LIQUIDNET, INC. | $14K | 2.05% |
FullerThaler Behavioral Small Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FTXFX | R6 Shares | 0.93% | none |
| FTXSX | Institutional Shares | 1.05% | none |
| FTXAX | Class A | 1.33% | 5.75% |
| FTXNX | Investor Shares | 1.36% | none |
| FTXCX | Class C | 1.94% | 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.