SSSFX Fees and Costs — SouthernSun Small Cap Fund, Class N
Data updated: 2026-08-28
The net expense ratio is 1.34%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.34% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $92K in broker commissions, 0.0342% of average net assets, and portfolio turnover was 30%.
SSSFX Fees and Expenses
Annual operating expenses and sales charges of SSSFX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.34% |
| Fee waiver | — |
| Net expense ratio | 1.34% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 | Yes |
SSSFX Costs Over Time
On $10,000 invested in SSSFX, assuming 5% a year before costs, total costs come to $853 over 5 years, cutting the return by 1.44% 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 1.34%) | $141 | $437 | $755 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $144 | $471 | $853 |
| Value after costs | $10,356 | $11,106 | $11,910 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
SSSFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0342%
- Total broker commissions: $92K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
SSSFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $16K | 18.39% |
| STEPHENS INC | $11K | 12.93% |
| PERSHING LLC | $11K | 12.84% |
| BLAIR, WILLIAM, & COMPANY, L.L.C. | $10K | 11.68% |
| BAIRD, PATRICK & COMPANY INC. | $9K | 10.59% |
| STIFEL NICOLAUS & CO., INC. | $9K | 9.77% |
| HEIGHT SECURITIES | $6K | 7.07% |
| NEEDHAM & COMPANY | $6K | 6.60% |
| BERENBERG | $5K | 6.01% |
| COWEN | $4K | 4.13% |
SouthernSun Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SSSIX | Class I | 1.09% | — |
| SSSFX | Class N | 1.34% | — |
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.