SSHVX Fees and Costs — Sound Shore Fund, Institutional Class
Data updated: 2026-08-17
The net expense ratio is 0.75%: a 0.75% management fee plus 0.11% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $801K in broker commissions, 9.8930% of average net assets, and portfolio turnover was 77%.
SSHVX Fees and Expenses
Annual operating expenses and sales charges of SSHVX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SSHVX Costs Over Time
On $10,000 invested in SSHVX, assuming 5% a year before costs, total costs come to $5,492 over 5 years, cutting the return by 11.18% 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 0.75%) | $79 | $222 | $348 |
| Trading costs (broker commissions) | $1,039 | $2,928 | $4,591 |
| Lost growth on money paid in costs | $0 | $167 | $553 |
| Total costs | $1,118 | $3,317 | $5,492 |
| Value after costs | $9,382 | $8,259 | $7,271 |
| Impact on return, per year | 11.18% | 11.18% | 11.18% |
SSHVX 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): 9.8930%
- Total broker commissions: $801K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 77%
- Securities lending: none during the year
SSHVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $109K | 14.21% |
| EVERCORE GROUP LLC | $103K | 13.49% |
| ABEL/NOSER CORP. | $91K | 11.89% |
| J.P. MORGAN SECURITIES LLC | $86K | 11.23% |
| WOLFE RESEARCH SECURITIES | $85K | 11.13% |
| CITIGROUP GLOBAL MARKETS INC. | $81K | 10.52% |
| BARCLAYS CAPITAL INC. | $61K | 7.98% |
| SANFORD C BERNSTEIN & CO INC | $55K | 7.16% |
| GOLDMAN SACHS & CO | $53K | 6.97% |
| BANC OF AMERICA SECURITIES | $42K | 5.42% |
Sound Shore Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SSHVX | Institutional Class | 0.75% | none |
| SSHFX | Investor Class | 0.95% | 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.