Expense Ratio History

SMIFX expense ratio history

Sound Mind Investing Fund

Fund company
Valued Advisers
Type
Mutual fund

1.62%

In basis points
162 basis points
Yearly cost per $10,000
$162
Prospectus dated
1 March 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.79% on 1 March 2026

Fee over time

SMIFX expense ratio: 2.13% until 28 Feb 2014, then 2.18%; 2.18% until 28 Feb 2015, then 2.03%; 2.03% until 28 Feb 2017, then 1.97%; 1.97% until 19 Jan 2018, then 2.09%; 2.09% until 28 Feb 2019, then 2.04%; 2.04% until 28 Feb 2020, then 1.94%; 1.94% until 29 Jan 2021, then 1.98%; 1.98% until 28 Feb 2022, then 1.73%; 1.73% until 28 Feb 2023, then 1.61%; 1.61% until 12 Jul 2024, then 1.48%; 1.48% until 1 Mar 2025, then 1.79%; 1.79% until 1 Mar 2026, then 1.62%; read at 1.62% on 1 Mar 2026.0.00%1.00%2.00%3.00%Feb 2013May 2015Aug 2017Nov 2019Feb 2022May 20242.13% before1.62% from 1 Mar 2026
SMIFX expense ratio: 2.13% until 28 Feb 2014, then 2.18%; 2.18% until 28 Feb 2015, then 2.03%; 2.03% until 28 Feb 2017, then 1.97%; 1.97% until 19 Jan 2018, then 2.09%; 2.09% until 28 Feb 2019, then 2.04%; 2.04% until 28 Feb 2020, then 1.94%; 1.94% until 29 Jan 2021, then 1.98%; 1.98% until 28 Feb 2022, then 1.73%; 1.73% until 28 Feb 2023, then 1.61%; 1.61% until 12 Jul 2024, then 1.48%; 1.48% until 1 Mar 2025, then 1.79%; 1.79% until 1 Mar 2026, then 1.62%; read at 1.62% on 1 Mar 2026.0.00%1.00%2.00%3.00%Feb 2013Jul 2017Dec 20212.13% before1.62% from 1 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.

Every figure we've recorded

DateFeeWhat happened
1 Mar 2026 1.62% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-03-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Mar 2026 1.62% Cut from 1.79% to 1.62%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2026-03-04
1 Mar 2025 1.79% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2025 1.79% Raised from 1.48% to 1.79%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-02-28
12 Jul 2024 1.48% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-07-12 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
12 Jul 2024 1.48% Cut from 1.61% to 1.48%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-07-12
28 Feb 2023 1.61% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2023 1.61% Cut from 1.73% to 1.61%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-02-28
28 Feb 2022 1.73% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2022 1.73% Cut from 1.98% to 1.73%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-02-28
8 Jun 2021 1.98% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-06-08 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Jan 2021 1.98% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-01-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Jan 2021 1.98% Raised from 1.94% to 1.98%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-02-18
28 Feb 2020 1.94% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2020 1.94% Cut from 2.04% to 1.94%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-03-18
28 Feb 2019 2.04% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2019 2.04% Cut from 2.09% to 2.04%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-03-20
27 Apr 2018 2.09% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-04-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
19 Jan 2018 2.09% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-01-19 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
19 Jan 2018 2.09% Raised from 1.97% to 2.09%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-02-09
28 Feb 2017 1.97% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2017 1.97% Cut from 2.03% to 1.97%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-03-21
29 Feb 2016 2.03% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-02-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2015 2.03% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2015 2.03% Cut from 2.18% to 2.03%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-03-23
28 Feb 2014 2.18% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2014 2.18% Raised from 2.13% to 2.18%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-03-19
28 Feb 2013 2.13% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-02-28 (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 1.62% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,934 in fees over 10 years

After fees, $10,000 grows to $13,889.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$166
3 years$515
5 years$888
10 years$1,934

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 16 prospectuses for this share class since 2013. Each one is listed above with a link to the filing.

How we read fees

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