Expense Ratio History

FIKDX expense ratio history

Kempner Multi-Cap Deep Value Fund, Institutional Class

Fund company
Ultimus Managers
Type
Mutual fund

0.97%

In basis points
97 basis points
Yearly cost per $10,000
$97
Prospectus dated
28 September 2024, filed with the SEC; rounded to 0.01%
Last change
Cut from 0.98% on 28 September 2024

Fee over time

FIKDX expense ratio: 0.90% until 28 Nov 2017, then 0.86%; 0.86% until 28 Nov 2018, then 0.96%; 0.96% until 28 Nov 2019, then 0.97%; 0.97% until 28 Sep 2020, then 1.01%; 1.01% until 28 Sep 2021, then 0.99%; 0.99% until 28 Sep 2022, then 0.95%; 0.95% until 28 Sep 2023, then 0.98%; 0.98% until 28 Sep 2024, then 0.97%; read at 0.97% on 28 Sep 2024.0.00%0.50%1.00%1.50%Mar 2017Jul 2018Nov 2019Mar 2021Jul 2022Nov 20230.90% before0.97% from 28 Sep 2024
FIKDX expense ratio: 0.90% until 28 Nov 2017, then 0.86%; 0.86% until 28 Nov 2018, then 0.96%; 0.96% until 28 Nov 2019, then 0.97%; 0.97% until 28 Sep 2020, then 1.01%; 1.01% until 28 Sep 2021, then 0.99%; 0.99% until 28 Sep 2022, then 0.95%; 0.95% until 28 Sep 2023, then 0.98%; 0.98% until 28 Sep 2024, then 0.97%; read at 0.97% on 28 Sep 2024.0.00%0.50%1.00%1.50%Mar 2017Oct 2019May 20220.90% before0.97% from 28 Sep 2024
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 2 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
FIKDX (this page) Institutional Class 0.97% — 28 Sep 2024
FAKDX Investor Class 1.22% — 28 Sep 2024

Every figure we've recorded

DateFeeWhat happened
28 Sep 2024 0.97% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-09-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Sep 2024 0.97% Cut from 0.98% to 0.97%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-09-27
28 Sep 2023 0.98% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-09-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Sep 2023 0.98% Raised from 0.95% to 0.98%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-09-28
28 Sep 2022 0.95% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-09-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Sep 2022 0.95% Cut from 0.99% to 0.95%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2022-10-03
28 Sep 2021 0.99% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-09-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Sep 2021 0.99% Cut from 1.01% to 0.99%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-09-28
28 Sep 2020 1.01% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-09-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Sep 2020 1.01% Raised from 0.97% to 1.01%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-10-19
28 Nov 2019 0.97% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-11-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Nov 2019 0.97% Raised from 0.96% to 0.97%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-12-11
28 Nov 2018 0.96% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-11-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Nov 2018 0.96% Raised from 0.86% to 0.96%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-12-07
28 Nov 2017 0.86% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-11-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Nov 2017 0.86% Cut from 0.90% to 0.86%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2017-12-08
27 Mar 2017 0.90% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-03-27 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.97% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,194 in fees over 10 years

After fees, $10,000 grows to $14,811.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$99
3 years$310
5 years$539
10 years$1,194

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 9 prospectuses for this share class since 2017. Each one is listed above with a link to the filing.

How we read fees

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