Expense Ratio History

QASOX expense ratio history

Q3 ALL-SEASON SYSTEMATIC OPPORTUNITIES FUND, Institutional Class

Fund company
Ultimus Managers
Type
Mutual fund

1.33%

In basis points
133 basis points
Yearly cost per $10,000
$133
Prospectus dated
30 March 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.38% on 30 March 2026

Fee over time

QASOX expense ratio: 2.52% until 28 Feb 2021, then 6.41%; 6.41% until 30 Mar 2022, then 4.52%; 4.52% until 30 Mar 2023, then 5.69%; 5.69% until 29 Mar 2024, then 1.94%; 1.94% until 30 Mar 2025, then 1.38%; 1.38% until 30 Mar 2026, then 1.33%; read at 1.33% on 30 Mar 2026.0.00%2.50%5.00%7.50%10.00%Dec 2019Jan 2021Feb 2022Mar 2023Apr 2024May 20252.52% before1.33% from 30 Mar 2026
QASOX expense ratio: 2.52% until 28 Feb 2021, then 6.41%; 6.41% until 30 Mar 2022, then 4.52%; 4.52% until 30 Mar 2023, then 5.69%; 5.69% until 29 Mar 2024, then 1.94%; 1.94% until 30 Mar 2025, then 1.38%; 1.38% until 30 Mar 2026, then 1.33%; read at 1.33% on 30 Mar 2026.0.00%2.50%5.00%7.50%10.00%Dec 2019Feb 2022Apr 20242.52% before1.33% from 30 Mar 2026
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 3 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
— — 5.62% 2.51% 30 Mar 2022
QASOX (this page) Institutional Class 1.33% — 30 Mar 2026
QSCOX Class C 2.77% 2.78% 30 Mar 2026

Every figure we've recorded

DateFeeWhat happened
30 Mar 2026 1.33% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Mar 2026 1.33% Cut from 1.38% to 1.33%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-03-27
30 Mar 2025 1.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Mar 2025 1.38% Cut from 1.94% to 1.38%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-03-28
29 Mar 2024 1.94% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-03-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Mar 2024 1.94% Cut from 5.69% to 1.94%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-03-28
30 Mar 2023 5.69% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Mar 2023 5.69% Raised from 4.52% to 5.69%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-03-30
30 Mar 2022 4.52% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-03-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Mar 2022 4.52% Cut from 6.41% to 4.52%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2022-04-04
28 Feb 2021 6.41% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2021 6.41% Raised from 2.52% to 6.41%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-03-05
30 Dec 2019 2.52% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-12-30 (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 1.33% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,609 in fees over 10 years

After fees, $10,000 grows to $14,293.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$136
3 years$424
5 years$733
10 years$1,609

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 7 prospectuses for this share class since 2019. Each one is listed above with a link to the filing.

How we read fees

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