OBIVX Fees and Costs — Oberweis Small-Cap Value Fund, Investor Class
Data updated: 2020-08-31
The net expense ratio is 1.55%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.49% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $34K in broker commissions, 0.1229% of average net assets, and portfolio turnover was 68%.
OBIVX Fees and Expenses
Annual operating expenses and sales charges of OBIVX. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.74% |
| Fee waiver | −0.19% |
| Net expense ratio | 1.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
OBIVX Costs Over Time
On $10,000 invested in OBIVX, assuming 5% a year before costs, total costs come to $1,032 over 5 years, cutting the return by 1.76% 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 1.55%) | $163 | $504 | $868 |
| Trading costs (broker commissions) | $13 | $40 | $69 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $176 | $571 | $1,032 |
| Value after costs | $10,324 | $11,005 | $11,730 |
| Impact on return, per year | 1.76% | 1.76% | 1.76% |
OBIVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1229%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 68%
- Securities lending: none during the year
OBIVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Liquidnet, Inc. | $16K | 48.13% |
| Bloomberg Tradebook LLC | $13K | 39.57% |
| Instinet, LLC | $4K | 12.30% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.