Expense Ratio History

VOLSX expense ratio history

ABR 75/25 VOLATILITY FUND, Institutional Shares

Fund company
Forum
Type
Mutual fund

2.81%

In basis points
281 basis points
Yearly cost per $10,000
$281
Prospectus dated
1 December 2025, filed with the SEC; rounded to 0.01%
Last change
Raised from 2.77% on 1 December 2025

Fee over time

VOLSX expense ratio: 3.25% until 1 Dec 2021, then 2.78%; 2.78% until 1 Dec 2022, then 2.74%; 2.74% until 1 Dec 2023, then 2.78%; 2.78% until 1 Dec 2024, then 2.77%; 2.77% until 1 Dec 2025, then 2.81%; read at 2.81% on 1 Dec 2025.0.00%2.00%4.00%6.00%Aug 2020Jul 2021Jun 2022May 2023Apr 2024Mar 20253.25% before2.81% from 1 Dec 2025
VOLSX expense ratio: 3.25% until 1 Dec 2021, then 2.78%; 2.78% until 1 Dec 2022, then 2.74%; 2.74% until 1 Dec 2023, then 2.78%; 2.78% until 1 Dec 2024, then 2.77%; 2.77% until 1 Dec 2025, then 2.81%; read at 2.81% on 1 Dec 2025.0.00%2.00%4.00%6.00%Aug 2020Jun 2022Apr 20243.25% before2.81% from 1 Dec 2025
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
VOLSX (this page) Institutional Shares 2.81% 1.75% 1 Dec 2025
VOLJX Investor Shares 3.24% 2.00% 1 Dec 2025

Every figure we've recorded

DateFeeWhat happened
1 Dec 2025 2.81% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2025 2.81% Raised from 2.77% to 2.81%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-11-26
1 Dec 2024 2.77% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2024 2.77% Cut from 2.78% to 2.77%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-11-25
1 Dec 2023 2.78% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2023 2.78% Raised from 2.74% to 2.78%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-11-21
1 Dec 2022 2.74% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2022 2.74% Cut from 2.78% to 2.74%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-11-23
1 Dec 2021 2.78% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2021 2.78% Cut from 3.25% to 2.78%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-11-22
1 Dec 2020 3.25% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
3 Aug 2020 3.25% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-08-03 (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 2.81% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$3,171 in fees over 10 years

After fees, $10,000 grows to $12,334.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$288
3 years$883
5 years$1,502
10 years$3,171

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 2020. Each one is listed above with a link to the filing.

How we read fees

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