LSVFX Fees and Costs — LSV Global Managed Volatility Fund, Institutional Class
Data updated: 2026-09-28
The net expense ratio is 0.75%: a 0.60% management fee plus 1.15% other expenses, less a 1.00% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $935 in broker commissions, 0.0096% of average net assets, and portfolio turnover was 22%.
LSVFX Fees and Expenses
Annual operating expenses and sales charges of LSVFX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.15% |
| Gross expense ratio | 1.75% |
| Fee waiver | −1.00% |
| 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 |
LSVFX Costs Over Time
On $10,000 invested in LSVFX, assuming 5% a year before costs, total costs come to $477 over 5 years, cutting the return by 0.80% 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) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $262 | $477 |
| Value after costs | $10,420 | $11,314 | $12,285 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
LSVFX 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): 0.0096%
- Total broker commissions: $935
- Bought from dealers (principal trades, not a cost): $1.1M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
LSVFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BAML | $185 | 21.27% |
| MORGAN STANLEY & CO, INC | $148 | 17.05% |
| CITIGROUP | $116 | 13.32% |
| BARCLAY BANK PLC | $87 | 9.96% |
| JEFFERIES LLC | $71 | 8.11% |
| J P MORGAN CHASE BANK | $69 | 7.97% |
| MIZUHO SECURITIES USA INC. | $67 | 7.71% |
| UBS INTERNATIONAL INC | $54 | 6.24% |
| S.G. COWEN (OPTIONS) | $54 | 6.15% |
| BERENBERG | $19 | 2.22% |
LSVFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SOUTH STREET SECURITIES | $1.1M | 100.00% |
LSV Global Managed Volatility Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LSVFX | Institutional Class | 0.75% | — |
| LVAFX | Investor Class | 1.00% | — |
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.