LVAMX Fees and Costs — LSV U.S. Managed Volatility Fund, Investor Class
Data updated: 2026-09-28
The net expense ratio is 0.80%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.52% other expenses, less a 0.42% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0172% of average net assets, and portfolio turnover was 30%.
LVAMX Fees and Expenses
Annual operating expenses and sales charges of LVAMX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.42% |
| Net expense ratio | 0.80% |
| 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 |
LVAMX Costs Over Time
On $10,000 invested in LVAMX, assuming 5% a year before costs, total costs come to $513 over 5 years, cutting the return by 0.86% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $281 | $513 |
| Value after costs | $10,414 | $11,295 | $12,250 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
LVAMX 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): 0.0172%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $4.0M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
LVAMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO, INC | $2K | 61.42% |
| BAML | $528 | 13.40% |
| S.G. COWEN (OPTIONS) | $250 | 6.34% |
| JEFFERIES LLC | $192 | 4.88% |
| J P MORGAN CHASE BANK | $183 | 4.64% |
| PERSHING LLC | $118 | 2.99% |
| UBS SECURITIES | $106 | 2.68% |
| RBC DAIN RAUSCHER INC. | $71 | 1.80% |
| CITIGROUP | $38 | 0.96% |
| STIFEL NICOLAUS & CO., INC. | $35 | 0.88% |
LVAMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SOUTH STREET SECURITIES | $4.0M | 100.00% |
LSV U.S. 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 |
|---|---|---|---|
| LSVMX | Institutional Class | 0.55% | — |
| LVAMX | Investor Class | 0.80% | — |
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.