LOGIX Fees and Costs — Scharf Fund, Institutional Class
Data updated: 2025-08-19
The net expense ratio is 0.89%: a 0.78% management fee plus 0.20% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $114K in broker commissions, 0.0269% of average net assets, and portfolio turnover was 33%.
LOGIX Fees and Expenses
Annual operating expenses and sales charges of LOGIX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.98% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LOGIX Costs Over Time
On $10,000 invested in LOGIX, assuming 5% a year before costs, total costs come to $574 over 5 years, cutting the return by 0.96% 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 0.89%) | $93 | $292 | $507 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $316 | $574 |
| Value after costs | $10,404 | $11,261 | $12,188 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
LOGIX 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): 0.0269%
- Total broker commissions: $114K
- Bought from dealers (principal trades, not a cost): $88.8M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
LOGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $58K | 50.91% |
| SANFORD C. BERNSTEIN & CO. LLC | $39K | 34.63% |
| LEERINK PARTNERS LLC | $7K | 6.43% |
| COWEN AND COMPANY LLC | $7K | 6.34% |
| HANWHA ASSET MANAGEMENT (USA) LTD. | $2K | 1.50% |
| NATIONAL FINANCIAL SERVICES LLC | $222 | 0.19% |
LOGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CHARLES SCHWAB & CO., INC. | $88.8M | 100.00% |
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.