LYRWX Fees and Costs — Lyrical International Value Equity Fund, Institutional Class
Data updated: 2026-10-15
The net expense ratio is 1.04% (4.44% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $10K in broker commissions, 0.1356% of average net assets, and portfolio turnover was 109%.
LYRWX Fees and Expenses
Annual operating expenses and sales charges of LYRWX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.54% |
| Gross expense ratio | 4.44% |
| Fee waiver | −3.40% |
| Net expense ratio | 1.04% |
| 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 |
LYRWX Costs Over Time
On $10,000 invested in LYRWX, assuming 5% a year before costs, total costs come to $733 over 5 years, cutting the return by 1.23% 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 1.04%) | $109 | $340 | $589 |
| Trading costs (broker commissions) | $14 | $44 | $77 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $403 | $733 |
| Value after costs | $10,377 | $11,173 | $12,030 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
LYRWX 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
LYRWX 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 |
| 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.