LSVAX Fees and Costs — Loomis Sayles Small Cap Value Fund, Admin Class
Data updated: 2026-08-28
The net expense ratio is 1.40%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.46% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $271K in broker commissions, 0.0755% of average net assets, and portfolio turnover was 36%.
LSVAX Fees and Expenses
Annual operating expenses and sales charges of LSVAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.40% |
| 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 |
LSVAX Costs Over Time
On $10,000 invested in LSVAX, assuming 5% a year before costs, total costs come to $914 over 5 years, cutting the return by 1.55% 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 1.40%) | $147 | $456 | $788 |
| Trading costs (broker commissions) | $8 | $25 | $42 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $155 | $505 | $914 |
| Value after costs | $10,345 | $11,071 | $11,849 |
| Impact on return, per year | 1.55% | 1.55% | 1.55% |
LSVAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0755%
- Total broker commissions: $271K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
LSVAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $68K | 36.52% |
| Sanford C. Bernstein & Co., LLC | $17K | 8.85% |
| Morgan Stanley & Co. LLC | $15K | 8.01% |
| JonesTrading Institutional Services LLC | $14K | 7.70% |
| RBC Capital Markets, LLC | $13K | 6.80% |
| Keefe, Bruyette & Woods, Inc. | $12K | 6.69% |
| Mizuho Securities USA LLC | $12K | 6.54% |
| Citigroup Global Markets Inc. | $12K | 6.39% |
| BofA Securities, Inc. | $12K | 6.29% |
| Liquidnet, Inc. | $12K | 6.20% |
LSVAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.0B | 99.89% |
| Goldman Sachs & Co. LLC | $1.9M | 0.09% |
| RBC Capital Markets, LLC | $331K | 0.02% |
Loomis Sayles Small 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 |
|---|---|---|---|
| LSCNX | Class N | 0.85% | — |
| LSSCX | Institutional Class | 0.90% | — |
| LSCRX | Retail Class | 1.15% | — |
| LSVAX | Admin Class | 1.40% | — |
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.