LYRVX Fees and Costs — Lyrical International Value Equity Fund, Class A
Data updated: 2026-10-15
The net expense ratio is 1.24%: a 0.85% management fee, a 0.25% 12b-1 fee plus 5.69% other expenses, less a 5.55% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $10K in broker commissions, 0.1356% of average net assets, and portfolio turnover was 109%.
LYRVX Fees and Expenses
Annual operating expenses and sales charges of LYRVX. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 5.69% |
| Gross expense ratio | 6.79% |
| Fee waiver | −5.55% |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LYRVX Costs Over Time
On $10,000 invested in LYRVX, assuming 5% a year before costs, total costs come to $1,539 over 5 years, cutting the return by 2.66% 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 |
| Sales charges | $673 | $575 | $575 |
| Fund expenses (net expense ratio 1.24%) | $123 | $381 | $659 |
| Trading costs (broker commissions) | $13 | $42 | $72 |
| Lost growth on money paid in costs | $29 | $112 | $233 |
| Total costs | $837 | $1,110 | $1,539 |
| Value after costs | $9,663 | $10,467 | $11,224 |
| Impact on return, per year | 8.37% | 3.47% | 2.66% |
LYRVX 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): 0.1356%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 109%
- Securities lending: none during the year
LYRVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $9K | 94.07% |
| Sanders Morris Harris, Inc | $541 | 5.55% |
| BGC Financial L.P. | $38 | 0.38% |
Lyrical International 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 |
|---|---|---|---|
| LYRWX | Institutional Class | 1.04% | none |
| LYRVX | Class A | 1.24% | 5.75% |
| LYRNX | Investor Class | 1.32% | 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.