Expense Ratio History

SPRNX expense ratio history

Sprucegrove International Equity Fund, Institutional Class Shares

Fund company
Advisors' Inner Circle
Type
Mutual fund

0.69%

In basis points
69 basis points
Yearly cost per $10,000
$69
Prospectus dated
1 May 2023, filed with the SEC; rounded to 0.01%
Last change
Cut from 0.75% on 1 May 2023

Fee over time

SPRNX expense ratio: 0.75% until 1 May 2023, then 0.69%; read at 0.69% on 1 May 2023.0.00%0.25%0.50%0.75%1.00%Jun 2022Sep 2022Dec 2022Mar 2023Jun 20230.75% before0.69% from 1 May 2023
SPRNX expense ratio: 0.75% until 1 May 2023, then 0.69%; read at 0.69% on 1 May 2023.0.00%0.25%0.50%0.75%1.00%Jun 2022Nov 2022Apr 20230.75% before0.69% from 1 May 2023
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
SPRNX (this page) Institutional Class Shares 0.69% 0.60% 1 May 2023
SPRDX Advisor Class Shares 1.34% 1.00% 1 May 2023
SPRVX Investor Class Shares 1.09% 0.75% 1 May 2023

Every figure we've recorded

DateFeeWhat happened
1 May 2023 0.69% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2023 0.69% Cut from 0.75% to 0.69%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-04-28
1 Jun 2022 0.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-06-01 (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 0.69% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$861 in fees over 10 years

After fees, $10,000 grows to $15,224.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$71
3 years$221
5 years$385
10 years$861

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 2 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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