MUNDX Fees and Costs — Mundoval Fund
Data updated: 2026-08-14
The net expense ratio is 1.50% (1.51% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0076% of average net assets, and portfolio turnover was 2%.
MUNDX Fees and Expenses
Annual operating expenses and sales charges of MUNDX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.50% |
| 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 | No |
MUNDX Costs Over Time
On $10,000 invested in MUNDX, assuming 5% a year before costs, total costs come to $933 over 5 years, cutting the return by 1.58% 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 1.50%) | $158 | $489 | $843 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $158 | $516 | $933 |
| Value after costs | $10,342 | $11,061 | $11,829 |
| Impact on return, per year | 1.58% | 1.58% | 1.58% |
MUNDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0076%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 2%
- Securities lending: none during the year
MUNDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CHARLES SCHWAB & CO., INC. | $2K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.