LYRBX Fees and Costs — Lyrical U.S. Value Equity Fund, Investor Class
Data updated: 2026-10-15
The net expense ratio is 1.24% (1.58% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $108K in broker commissions, 0.0993% of average net assets, and portfolio turnover was 32%.
LYRBX Fees and Expenses
Annual operating expenses and sales charges of LYRBX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.58% |
| Fee waiver | −0.37% |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LYRBX Costs Over Time
On $10,000 invested in LYRBX, assuming 5% a year before costs, total costs come to $832 over 5 years, cutting the return by 1.41% 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 1.24%) | $130 | $405 | $700 |
| Trading costs (broker commissions) | $10 | $32 | $56 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $459 | $832 |
| Value after costs | $10,359 | $11,117 | $11,931 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
LYRBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0993%
- Total broker commissions: $108K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
LYRBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BGC Financial L.P. | $53K | 49.18% |
| SANDERS MORRIS HARRIS, INC. | $21K | 19.08% |
| RAYMOND JAMES & ASSOCIATES, INC. | $12K | 10.74% |
| SMBC NIKKO SECURITIES AMERICA, INC. | $11K | 10.17% |
| BOFA SECURITIES, INC. | $7K | 6.04% |
| JONES TRADING INSTITUTIONAL SERVICES LLC | $5K | 4.78% |
Lyrical U.S. 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 |
|---|---|---|---|
| LYRIX | Institutional Class | 0.99% | none |
| LRYAX | Class A | 1.24% | 5.75% |
| LYRBX | Investor Class | 1.24% | none |
| LYRCX | Class C | 1.99% | none |
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.