PLIEX Fees and Costs — Plumb Equity Fund, Institutional Shares
Data updated: 2026-08-26
The net expense ratio is 1.25% (1.88% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $18K in broker commissions, 0.0631% of average net assets, and portfolio turnover was 26%.
PLIEX Fees and Expenses
Annual operating expenses and sales charges of PLIEX. Prospectus, as of August 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.88% |
| Fee waiver | −0.63% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PLIEX Costs Over Time
On $10,000 invested in PLIEX, assuming 5% a year before costs, total costs come to $816 over 5 years, cutting the return by 1.38% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $138 | $450 | $816 |
| Value after costs | $10,362 | $11,126 | $11,947 |
| Impact on return, per year | 1.38% | 1.38% | 1.38% |
PLIEX 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): 0.0631%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $9.5M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
PLIEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| William Blair & Company LLC | $18K | 100.00% |
PLIEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WILLIAM BLAIR & COMPANY L.L.C. | $9.5M | 100.00% |
Plumb Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PLIEX | Institutional Shares | 1.25% | none |
| PLAEX | Class A | 1.50% | 5.75% |
| PLBEX | Investor Shares | 1.50% | 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.