OBIIX Fees and Costs — Oberweis International Opportunities Fund, Institutional Class
Data updated: 2026-08-28
The net expense ratio is 1.10%: a 1.00% management fee plus 0.18% other expenses, less a 0.08% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $1.1M in broker commissions, 0.2823% of average net assets, and portfolio turnover was 125%.
OBIIX Fees and Expenses
Annual operating expenses and sales charges of OBIIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 1.18% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
OBIIX Costs Over Time
On $10,000 invested in OBIIX, assuming 5% a year before costs, total costs come to $858 over 5 years, cutting the return by 1.45% 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 1.10%) | $116 | $359 | $620 |
| Trading costs (broker commissions) | $30 | $92 | $159 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $145 | $473 | $858 |
| Value after costs | $10,355 | $11,103 | $11,905 |
| Impact on return, per year | 1.45% | 1.45% | 1.45% |
OBIIX 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): 0.2823%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $2.6M
- Portfolio turnover (prospectus): 125%
- Securities lending: none during the year
OBIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Liquidnet, Inc. | $340K | 43.10% |
| JP Morgan Securities, Inc | $69K | 8.80% |
| Daiwa Capital Markets America, Inc. | $63K | 7.98% |
| Merrill Lynch Capital Markets | $55K | 7.02% |
| Carnegie, Inc. | $55K | 6.91% |
| SMBC Nikko | $47K | 5.95% |
| Barclays Capital LE | $43K | 5.44% |
| Jefferies & Co., Inc. | $43K | 5.40% |
| Mizuho Securities | $39K | 4.97% |
| Morgan Stanley & Co. | $35K | 4.43% |
OBIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Carnegie, Inc. | $2.1M | 80.47% |
| Goldman Sachs & Co. | $513K | 19.53% |
Oberweis International Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| OBIIX | Institutional Class | 1.10% | — |
| OBIOX | Investor Class | 1.35% | — |
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.