LVAVX Fees and Costs — LSV Conservative Value Equity Fund, Investor Class
Data updated: 2026-09-28
The net expense ratio is 0.60%: a 0.38% management fee, a 0.25% 12b-1 fee plus 0.18% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.0047% of average net assets, and portfolio turnover was 25%.
LVAVX Fees and Expenses
Annual operating expenses and sales charges of LVAVX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.60% |
| 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 |
LVAVX Costs Over Time
On $10,000 invested in LVAVX, assuming 5% a year before costs, total costs come to $381 over 5 years, cutting the return by 0.63% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $0 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $209 | $381 |
| Value after costs | $10,437 | $11,368 | $12,382 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
LVAVX 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): 0.0047%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $33.3M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
LVAVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO, INC | $2K | 34.61% |
| BAML | $2K | 26.80% |
| SANFORD C. BERNSTEIN & CO., LLC | $868 | 13.98% |
| JEFFERIES LLC | $447 | 7.20% |
| UBS SECURITIES | $325 | 5.23% |
| CITADEL SECURITIES | $288 | 4.65% |
| SG COWEN | $188 | 3.02% |
| STIFEL NICOLAUS & CO., INC. | $99 | 1.59% |
| WACHOVIA CAPITAL MARKETS | $92 | 1.47% |
| J P MORGAN CHASE BANK | $89 | 1.43% |
LVAVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SOUTH STREET SECURITIES | $33.3M | 100.00% |
LSV Conservative Value Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LSVVX | Institutional Class | 0.35% | — |
| LVAVX | Investor Class | 0.60% | — |
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.