# Sbauer Funds, LLC

> Sbauer Funds, LLC is an SEC-registered investment advisory firm in Carmel, IN, registered since 2007, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated February 25, 2026.

- CRD: 144782
- Filed as: SBAUER FUNDS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Carmel, IN
- Filing period: October 2026
- Form ADV filing dated: February 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/144782
- AdvisorCensus page: https://advisorcensus.com/firm/sbauer-funds-llc-carmel-in-144782

## Quick answers

**How is Sbauer Funds, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Sbauer Funds, LLC reports these compensation arrangements: a percentage of assets under its management.

**What does Sbauer Funds, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated February 25, 2026 states: Asset-based fee: 1.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Sbauer Funds, LLC located?**
Sbauer Funds, LLC's principal office is in Carmel, IN, according to its Form ADV.

**Is Sbauer Funds, LLC registered with the SEC or a state?**
Sbauer Funds, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 144782.

**How much does Sbauer Funds, LLC manage?**
Sbauer Funds, LLC reports $61,336,188 in regulatory assets under management in its Form ADV filing dated February 25, 2026 (100% discretionary).

**How have Sbauer Funds, LLC's assets and staff changed since 2021?**
In the Form ADV data for Sbauer Funds, LLC: Regulatory assets under management: $19,166,566 in the October 2021 data and $61,336,188 in the October 2026 data, up 220%. Total employees: 6 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Sbauer Funds, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Sbauer Funds, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/144782

**What changed in Sbauer Funds, LLC's recent Form ADV filings?**
In the March 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated February 25, 2026)

- Asset-based fee: 1.5% of assets a year

> The adviser will charge a management fee of 1.5% of fund net asset value as set forth in the fund prospectus. The management fee will be the same regardless of share class and is not negotiable.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $61,336,188
- Discretionary: $61,336,188
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $61,336,188 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2007 (19 years)
- Employees: 7 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- sbauerfunds.com
- Facebook @sbauerfunds
- LinkedIn @sbauer-funds-llc
- X @sbauerfunds

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $19,166,566 | 6 | March 26, 2021 |
| October 2022 | $26,000,495 | 6 | March 23, 2022 |
| October 2023 | $36,862,210 | 8 | September 6, 2023 |
| October 2024 | $51,848,075 | 8 | March 26, 2024 |
| October 2025 | $59,761,645 | 8 | July 29, 2025 |
| October 2026 | $61,336,188 | 7 | February 25, 2026 |

Regulatory assets under management: $19,166,566 in the October 2021 data and $61,336,188 in the October 2026 data, up 220%.
Total employees: 6 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Sbauer Funds, LLC (CRD 144782): Form ADV filing data as of October 2026.