Expense Ratio History

PBBRX expense ratio history

Polen U.S. High Yield Fund, Investor Class

Fund company
Fundvantage
Type
Mutual fund

5.27%

In basis points
527 basis points
Yearly cost per $10,000
$527
Prospectus dated
1 September 2024, filed with the SEC; rounded to 0.01%
Last change
Cut from 7.47% on 1 September 2024

Fee over time

PBBRX expense ratio: 1.60% until 1 Sep 2023, then 7.47%; 7.47% until 1 Sep 2024, then 5.27%; read at 5.27% on 1 Sep 2024.0.00%2.50%5.00%7.50%10.00%Jun 2022Nov 2022Apr 2023Sep 2023Feb 2024Jul 20241.60% before5.27% from 1 Sep 2024
PBBRX expense ratio: 1.60% until 1 Sep 2023, then 7.47%; 7.47% until 1 Sep 2024, then 5.27%; read at 5.27% on 1 Sep 2024.0.00%2.50%5.00%7.50%10.00%Jun 2022Apr 2023Feb 20241.60% before5.27% from 1 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
PBBRX (this page) Investor Class 5.27% 0.90% 1 Sep 2024
PBBIX Institutional Class 5.02% 0.65% 1 Sep 2024

Every figure we've recorded

DateFeeWhat happened
1 Sep 2024 5.27% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2024 5.27% Cut from 7.47% to 5.27%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-08-28
20 Nov 2023 7.47% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-11-20 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Sep 2023 7.47% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2023 7.47% Raised from 1.60% to 7.47%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-08-28
30 Jun 2022 1.60% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-06-30 (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 5.27% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$5,305 in fees over 10 years

After fees, $10,000 grows to $9,605.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$540
3 years$1,614
5 years$2,679
10 years$5,305

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 4 prospectuses for this share class since 2022. Each one is listed above with a link to the filing.

How we read fees

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