OISVX Fees and Costs — Optimum Small-Mid Cap Value Fund, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 1.23% (1.32% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $384K in broker commissions, 0.0596% of average net assets, and portfolio turnover was 133%.
OISVX Fees and Expenses
Annual operating expenses and sales charges of OISVX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.88% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.32% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.23% |
| 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 |
OISVX Costs Over Time
On $10,000 invested in OISVX, assuming 5% a year before costs, total costs come to $802 over 5 years, cutting the return by 1.35% 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 1.23%) | $129 | $402 | $695 |
| Trading costs (broker commissions) | $6 | $19 | $34 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $135 | $442 | $802 |
| Value after costs | $10,365 | $11,134 | $11,961 |
| Impact on return, per year | 1.35% | 1.35% | 1.35% |
OISVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0596%
- Total broker commissions: $384K
- Bought from dealers (principal trades, not a cost): $1.5M
- Portfolio turnover (prospectus): 133%
- Securities lending: none during the year
OISVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $46K | 17.42% |
| JEFFERIES LLC | $45K | 16.91% |
| RBC CAPITAL MARKETS, LLC | $31K | 11.68% |
| BOFA SECURITIES, INC. | $30K | 11.53% |
| GOLDMAN SACHS & CO. LLC | $29K | 10.89% |
| MORGAN STANLEY & CO. LLC | $25K | 9.59% |
| TD SECURITIES (USA) LLC | $17K | 6.39% |
| UBS SECURITIES LLC | $16K | 5.90% |
| ROBERT W. BAIRD & CO. INC. | $13K | 4.85% |
| KEYBANC CAPITAL MARKETS, INC. | $13K | 4.83% |
OISVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $468K | 31.56% |
| GOLDMAN SACHS & CO. LLC | $435K | 29.31% |
| J.P. Morgan Securities LLC | $288K | 19.40% |
| BARCLAYS CAPITAL, INC. | $99K | 6.69% |
| JEFFERIES LLC | $98K | 6.61% |
| CitiGroup Global Markets Inc. | $50K | 3.35% |
| MORGAN STANLEY & CO. LLC | $46K | 3.08% |
Optimum Small-Mid Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| OISVX | Institutional Class | 1.23% | none |
| OASVX | Class A | 1.48% | 5.75% |
| OCSVX | Class C | 2.23% | 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.