HUMEX Fees and Costs — Huber Mid Cap Value Fund, Institutional Class
Data updated: 2026-09-25
The net expense ratio is 1.11%: a 0.10% management fee plus 1.41% other expenses, less a 0.40% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $6K in broker commissions, 0.0477% of average net assets, and portfolio turnover was 65%.
HUMEX Fees and Expenses
Annual operating expenses and sales charges of HUMEX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.41% |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.40% |
| Net expense ratio | 1.11% |
| 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 |
HUMEX Costs Over Time
On $10,000 invested in HUMEX, assuming 5% a year before costs, total costs come to $722 over 5 years, cutting the return by 1.22% 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 1.11%) | $117 | $363 | $629 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $122 | $397 | $722 |
| Value after costs | $10,378 | $11,179 | $12,041 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
HUMEX 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): 0.0477%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
HUMEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $3K | 46.74% |
| J.P. MORGAN SECURITIES LLC | $2K | 32.43% |
| JEFFERIES LLC | $1K | 20.83% |
Huber Mid 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 |
|---|---|---|---|
| HUMEX | Institutional Class | 1.11% | — |
| HUMDX | Investor Class | 1.41% | — |
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.