Expense Ratio History

PBIIX expense ratio history

Polen International Small Company Growth Fund, Institutional Class

Fund company
Fundvantage
Type
Mutual fund

1.60%

In basis points
160 basis points
Yearly cost per $10,000
$160
Prospectus dated
1 September 2022, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.99% on 1 September 2022

Fee over time

PBIIX expense ratio: 1.40% until 1 Sep 2019, then 7.51%; 7.51% until 1 Sep 2020, then 3.95%; 3.95% until 1 Sep 2021, then 1.99%; 1.99% until 1 Sep 2022, then 1.60%; read at 1.60% on 1 Sep 2022.0.00%2.50%5.00%7.50%10.00%Dec 2018Aug 2019Apr 2020Dec 2020Aug 2021Apr 20221.40% before1.60% from 1 Sep 2022
PBIIX expense ratio: 1.40% until 1 Sep 2019, then 7.51%; 7.51% until 1 Sep 2020, then 3.95%; 3.95% until 1 Sep 2021, then 1.99%; 1.99% until 1 Sep 2022, then 1.60%; read at 1.60% on 1 Sep 2022.0.00%2.50%5.00%7.50%10.00%Dec 2018Apr 2020Aug 20211.40% before1.60% from 1 Sep 2022
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
PBIIX (this page) Institutional Class 1.60% 1.25% 1 Sep 2022
PBIRX Investor Class 1.85% 1.50% 1 Sep 2022

Every figure we've recorded

DateFeeWhat happened
1 Sep 2022 1.60% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2022 1.60% Cut from 1.99% to 1.60%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-08-29
1 Sep 2021 1.99% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-09-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Sep 2021 1.99% Cut from 3.95% to 1.99%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-09-07
1 Sep 2020 3.95% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2020 3.95% Cut from 7.51% to 3.95%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-09-18
1 Sep 2019 7.51% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2019 7.51% Raised from 1.40% to 7.51%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-09-20
28 Dec 2018 1.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-12-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.60% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,912 in fees over 10 years

After fees, $10,000 grows to $13,916.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$164
3 years$509
5 years$877
10 years$1,912

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 5 prospectuses for this share class since 2018. Each one is listed above with a link to the filing.

How we read fees

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