ALVDX Fees and Costs — Focused Large Cap Value Fund, R6 Class
Data updated: 2026-08-28
The net expense ratio is 0.48%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $799K in broker commissions, 0.0283% of average net assets, and portfolio turnover was 84%.
ALVDX Fees and Expenses
Annual operating expenses and sales charges of ALVDX. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.48% |
| Fee waiver | — |
| Net expense ratio | 0.48% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
ALVDX Costs Over Time
On $10,000 invested in ALVDX, assuming 5% a year before costs, total costs come to $321 over 5 years, cutting the return by 0.53% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.48%) | $50 | $158 | $276 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $176 | $321 |
| Value after costs | $10,447 | $11,401 | $12,442 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
ALVDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0283%
- Total broker commissions: $799K
- Bought from dealers (principal trades, not a cost): $16.7B
- Portfolio turnover (prospectus): 84%
- Securities lending: none during the year
ALVDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $91K | 14.06% |
| CITIGROUP CAPITAL MARKETS INC. | $90K | 13.83% |
| BANK OF AMERICA MERRILL LYNCH | $87K | 13.40% |
| JEFFERIES LLC | $80K | 12.26% |
| BERNSTEIN INSTITUTIONAL SERVICES | $75K | 11.49% |
| J.P. MORGAN SECURITIES | $69K | 10.68% |
| BARCLAYS CAPITAL | $68K | 10.38% |
| ROBERT W BAIRD | $32K | 4.86% |
| RBC CAPITAL MARKETS | $30K | 4.60% |
| RAYMOND JAMES | $29K | 4.43% |
ALVDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS LLC | $13.7B | 81.69% |
| BMO CAPITAL MARKETS | $711.7M | 4.26% |
| GOLDMAN SACHS | $660.6M | 3.95% |
| MORGAN STANLEY | $389.9M | 2.33% |
| UBS WARBURG | $346.7M | 2.07% |
| CITIGROUP CAPITAL MARKETS INC. | $326.3M | 1.95% |
| BANK OF AMERICA MERRILL LYNCH | $323.3M | 1.93% |
| J.P. MORGAN SECURITIES | $302.5M | 1.81% |
Focused Large Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ACFLX | G Class | 0.00% | none |
| ALVDX | R6 Class | 0.48% | none |
| ALVGX | R5 Class | 0.63% | none |
| ALVSX | I Class | 0.63% | none |
| ALVIX | Investor Class | 0.83% | none |
| ALPAX | A Class | 1.08% | 5.75% |
| ALVRX | R Class | 1.33% | none |
| ALPCX | C Class | 1.83% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.