IUSCX Fees and Costs — FI Institutional Group U.S. Small Cap Equity Fund
Data updated: 2025-11-06
The net expense ratio is 0.75%: a 0.68% management fee plus 85.14% other expenses, less a 85.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $64 in broker commissions, 0.0358% of average net assets, and portfolio turnover was 29%.
IUSCX Fees and Expenses
Annual operating expenses and sales charges of IUSCX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | — |
| Other expenses | 85.14% |
| Gross expense ratio | 85.82% |
| Fee waiver | −85.07% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
IUSCX Costs Over Time
On $10,000 invested in IUSCX, assuming 5% a year before costs, total costs come to $494 over 5 years, cutting the return by 0.83% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $271 | $494 |
| Value after costs | $10,417 | $11,305 | $12,269 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
IUSCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0358%
- Total broker commissions: $64
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
IUSCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $30 | 48.37% |
| PIPER SANDLER & CO | $13 | 20.11% |
| JEFFERIES LLC | $5 | 7.71% |
| JP MORGAN SECURITIES LLC | $4 | 7.05% |
| UBS SECURITIES LLC | $3 | 5.58% |
| CANTOR FITZGERALD & CO | $2 | 3.82% |
| VIRTU AMERICAS LLC | $1 | 2.18% |
| MORGAN STANLEY & CO INC | $1 | 2.14% |
| COWEN AND COMPANY | $1 | 1.94% |
| CITIGROUP GLOBAL MARKETS INC | $1 | 1.10% |
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.