Expense Ratio History

CFSMX expense ratio history

Clarkston Partners Fund, Founders Class

Fund company
Alps Series
Type
Mutual fund

0.89%

In basis points
89 basis points
Yearly cost per $10,000
$89
Prospectus dated
1 February 2026, filed with the SEC; rounded to 0.01%
Last change
Raised from 0.88% on 1 February 2026

Fee over time

CFSMX expense ratio: 1.09% until 28 Jan 2017, then 1.02%; 1.02% until 29 Jan 2018, then 0.96%; 0.96% until 28 Jan 2019, then 0.94%; 0.94% until 28 Jan 2020, then 0.92%; 0.92% until 28 Jan 2021, then 0.91%; 0.91% until 28 Jan 2022, then 0.88%; 0.88% until 1 Feb 2026, then 0.89%; read at 0.89% on 1 Feb 2026.0.00%0.50%1.00%1.50%Sep 2015Jul 2017May 2019Mar 2021Jan 2023Nov 20241.09% before0.89% from 1 Feb 2026
CFSMX expense ratio: 1.09% until 28 Jan 2017, then 1.02%; 1.02% until 29 Jan 2018, then 0.96%; 0.96% until 28 Jan 2019, then 0.94%; 0.94% until 28 Jan 2020, then 0.92%; 0.92% until 28 Jan 2021, then 0.91%; 0.91% until 28 Jan 2022, then 0.88%; 0.88% until 1 Feb 2026, then 0.89%; read at 0.89% on 1 Feb 2026.0.00%0.50%1.00%1.50%Sep 2015Apr 2019Nov 20221.09% before0.89% from 1 Feb 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
CFSMX (this page) Founders Class 0.89% 0.85% 1 Feb 2026
CISMX Institutional Class 1.03% 1.00% 1 Feb 2026

Every figure we've recorded

DateFeeWhat happened
1 Feb 2026 0.89% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2026 0.89% Raised from 0.88% to 0.89%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-01-28
28 Jan 2025 0.88% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-01-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2024 0.88% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Jan 2023 0.88% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-01-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jan 2022 0.88% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-01-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jan 2022 0.88% Cut from 0.91% to 0.88%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-01-28
28 Jan 2021 0.91% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-01-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jan 2021 0.91% Cut from 0.92% to 0.91%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-01-28
28 Jan 2020 0.92% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-01-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jan 2020 0.92% Cut from 0.94% to 0.92%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-02-13
28 Jan 2019 0.94% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-01-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jan 2019 0.94% Cut from 0.96% to 0.94%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-02-19
29 Jan 2018 0.96% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-01-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Jan 2018 0.96% Cut from 1.02% to 0.96%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-02-15
28 Jan 2017 1.02% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-01-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jan 2017 1.02% Cut from 1.09% to 1.02%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-02-15
28 Jan 2016 1.09% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-01-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
8 Sep 2015 1.09% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-09-08 (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 0.89% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,100 in fees over 10 years

After fees, $10,000 grows to $14,928.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$91
3 years$285
5 years$495
10 years$1,100

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 12 prospectuses for this share class since 2015. Each one is listed above with a link to the filing.

How we read fees

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