LOMAX Fees and Costs — Edgar Lomax Value Fund, Investor Class
Data updated: 2026-09-29
The net expense ratio is 0.69%: a 0.55% management fee plus 0.47% other expenses, less a 0.33% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $33K in broker commissions, 0.0345% of average net assets, and portfolio turnover was 35%.
LOMAX Fees and Expenses
Annual operating expenses and sales charges of LOMAX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.47% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.33% |
| Net expense ratio | 0.69% |
| 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 |
LOMAX Costs Over Time
On $10,000 invested in LOMAX, assuming 5% a year before costs, total costs come to $456 over 5 years, cutting the return by 0.76% 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $250 | $456 |
| Value after costs | $10,424 | $11,326 | $12,307 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
LOMAX 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): 0.0345%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
LOMAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS LLC | $10K | 29.81% |
| RAYMOND JAMES & ASSOCIATES, INC. | $8K | 24.90% |
| BLAYLOCK VAN LLC | $8K | 24.87% |
| STURDIVANT & CO., INC. | $7K | 20.42% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.