HUDEX Fees and Costs — Huber Large Cap Value Fund, Institutional Class
Data updated: 2026-09-25
The net expense ratio is 0.76%: a 0.10% management fee plus 0.90% other expenses, less a 0.24% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $7K in broker commissions, 0.0414% of average net assets, and portfolio turnover was 34%.
HUDEX Fees and Expenses
Annual operating expenses and sales charges of HUDEX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.90% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
HUDEX Costs Over Time
On $10,000 invested in HUDEX, assuming 5% a year before costs, total costs come to $503 over 5 years, cutting the return by 0.84% 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 0.76%) | $80 | $249 | $434 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $276 | $503 |
| Value after costs | $10,416 | $11,300 | $12,260 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
HUDEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0414%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
HUDEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $3K | 38.78% |
| J.P. MORGAN SECURITIES LLC | $2K | 34.25% |
| JEFFERIES LLC | $2K | 26.97% |
Huber Large Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HUDEX | Institutional Class | 0.76% | — |
| HUDIX | Investor Class | 1.16% | — |
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.