OAYEX Fees and Costs — Oakmark International Small Cap Fund, Advisor Class
Data updated: 2026-08-26
The net expense ratio is 1.17%: a 0.99% management fee plus 0.18% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $641K in broker commissions, 0.0467% of average net assets, and portfolio turnover was 42%.
OAYEX Fees and Expenses
Annual operating expenses and sales charges of OAYEX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 1.17% |
| Fee waiver | — |
| Net expense ratio | 1.17% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
OAYEX Costs Over Time
On $10,000 invested in OAYEX, assuming 5% a year before costs, total costs come to $758 over 5 years, cutting the return by 1.28% 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 1.17%) | $123 | $382 | $662 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $128 | $417 | $758 |
| Value after costs | $10,372 | $11,159 | $12,005 |
| Impact on return, per year | 1.28% | 1.28% | 1.28% |
OAYEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0467%
- Total broker commissions: $641K
- Bought from dealers (principal trades, not a cost): $8.8B
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $11 (0.000% of average net assets)
OAYEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $68K | 15.68% |
| UBS Securities LLC | $48K | 11.01% |
| BofA Securities, Inc. | $47K | 10.75% |
| Liquidnet, Inc. | $46K | 10.54% |
| J.P. Morgan Securities LLC | $45K | 10.29% |
| BNP Paribas Securities Corp. | $44K | 10.11% |
| Goldman Sachs & Co. LLC | $39K | 8.93% |
| Citigroup Global Markets Inc. | $35K | 7.99% |
| Morgan Stanley & Co. LLC | $33K | 7.62% |
| Daiwa Capital Markets America Inc. | $31K | 7.08% |
OAYEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $8.8B | 100.00% |
| BofA Securities, Inc. | $8 | 0.00% |
Oakmark International Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| OAZEX | R6 Class | 1.04% | — |
| OANEX | Institutional Class | 1.08% | — |
| OAYEX | Advisor Class | 1.17% | — |
| OAKEX | Investor Class | 1.33% | — |
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.