FTZIX Fees and Costs — FullerThaler Behavioral Unconstrained Equity Fund, Institutional Shares
Data updated: 2026-08-27
The net expense ratio is 0.99%: a 0.74% management fee plus 0.29% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $8K in broker commissions, 0.0125% of average net assets, and portfolio turnover was 20%.
FTZIX Fees and Expenses
Annual operating expenses and sales charges of FTZIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.03% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.99% |
| 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 |
FTZIX Costs Over Time
On $10,000 invested in FTZIX, assuming 5% a year before costs, total costs come to $627 over 5 years, cutting the return by 1.05% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $105 | $345 | $627 |
| Value after costs | $10,395 | $11,232 | $12,136 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
FTZIX 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): 0.0125%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $18.2M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
FTZIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Weeden Prime Services LLC | $4K | 50.79% |
| INSTINET LLC | $2K | 19.53% |
| BATS TRADING INC | $1K | 17.07% |
| CAPITAL ONE SECURITIES, INC. | $766 | 9.21% |
| BANK OF AMERICA MERRILL LYNCH | $181 | 2.18% |
| UBS Securities LLC | $56 | 0.68% |
| STATE STREET GLOBAL MARKETS LLC | $44 | 0.53% |
FullerThaler Behavioral Unconstrained 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 |
|---|---|---|---|
| FTZFX | R6 Shares | 0.89% | none |
| FTZIX | Institutional Shares | 0.99% | none |
| FTZAX | A Shares | 1.33% | 5.75% |
| FTZCX | C Shares | 1.85% | 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.