Expense Ratio History

ACREX expense ratio history

ACR Equity International Fund, CLASS I SHARES

Fund company
Investment Managers Series
Type
Mutual fund

1.42%

In basis points
142 basis points
Yearly cost per $10,000
$142
Prospectus dated
31 March 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.46% on 31 March 2026

Fee over time

ACREX expense ratio: 2.30% until 1 Apr 2018, then 4.16%; 4.16% until 1 Apr 2019, then 2.64%; 2.64% until 1 Apr 2020, then 2.26%; 2.26% until 1 Apr 2021, then 2.24%; 2.24% until 1 Apr 2022, then 1.56%; 1.56% until 31 Mar 2024, then 1.47%; 1.47% until 31 Mar 2025, then 1.46%; 1.46% until 31 Mar 2026, then 1.42%; read at 1.42% on 31 Mar 2026.0.00%2.00%4.00%6.00%Dec 2016Jul 2018Feb 2020Sep 2021Apr 2023Nov 20242.30% before1.42% from 31 Mar 2026
ACREX expense ratio: 2.30% until 1 Apr 2018, then 4.16%; 4.16% until 1 Apr 2019, then 2.64%; 2.64% until 1 Apr 2020, then 2.26%; 2.26% until 1 Apr 2021, then 2.24%; 2.24% until 1 Apr 2022, then 1.56%; 1.56% until 31 Mar 2024, then 1.47%; 1.47% until 31 Mar 2025, then 1.46%; 1.46% until 31 Mar 2026, then 1.42%; read at 1.42% on 31 Mar 2026.0.00%2.00%4.00%6.00%Dec 2016Feb 2020Apr 20232.30% before1.42% from 31 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 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
— — 2.40% 1.39% 1 Apr 2021
ACREX (this page) CLASS I SHARES 1.42% 1.11% 31 Mar 2026

Every figure we've recorded

DateFeeWhat happened
31 Mar 2026 1.42% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-03-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Mar 2026 1.42% Cut from 1.46% to 1.42%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-03-25
31 Mar 2025 1.46% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-03-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Mar 2025 1.46% Cut from 1.47% to 1.46%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-03-26
31 Mar 2024 1.47% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-03-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Mar 2024 1.47% Cut from 1.56% to 1.47%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-03-28
1 Apr 2023 1.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-04-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Apr 2022 1.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-04-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Apr 2022 1.56% Cut from 2.24% to 1.56%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-03-28
1 Apr 2021 2.24% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-04-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Apr 2021 2.24% Cut from 2.26% to 2.24%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-05-28
1 Apr 2020 2.26% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-04-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Apr 2020 2.26% Cut from 2.64% to 2.26%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-04-15
1 Apr 2019 2.64% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-04-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Apr 2019 2.64% Cut from 4.16% to 2.64%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-04-15
1 Apr 2018 4.16% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-04-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Apr 2018 4.16% Raised from 2.30% to 4.16%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-04-12
30 Dec 2016 2.30% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-12-30 (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 1.42% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,711 in fees over 10 years

After fees, $10,000 grows to $14,167.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$146
3 years$452
5 years$781
10 years$1,711

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 10 prospectuses for this share class since 2016. Each one is listed above with a link to the filing.

How we read fees

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