AVGIX Fees and Costs — VP Disciplined Core Value Fund, Class I
Data updated: 2024-05-29
The net expense ratio is 0.71%: a 0.70% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $121K in broker commissions, 0.0357% of average net assets, and portfolio turnover was 217%.
AVGIX Fees and Expenses
Annual operating expenses and sales charges of AVGIX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.71% |
| Fee waiver | — |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AVGIX Costs Over Time
On $10,000 invested in AVGIX, assuming 5% a year before costs, total costs come to $469 over 5 years, cutting the return by 0.78% 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 0.71%) | $75 | $233 | $406 |
| Trading costs (broker commissions) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $257 | $469 |
| Value after costs | $10,422 | $11,319 | $12,294 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
AVGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0357%
- Total broker commissions: $121K
- Bought from dealers (principal trades, not a cost): $613.5M
- Portfolio turnover (prospectus): 217%
- Securities lending: none during the year
AVGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $14K | 13.63% |
| Sanford C. Bernstein | $13K | 13.39% |
| J.P. Morgan Securities | $11K | 11.31% |
| Jefferies LLC | $11K | 11.21% |
| Bank of America Merrill Lynch | $10K | 10.39% |
| Evercore ISI Investment Group | $10K | 9.61% |
| Citigroup Capital Markets Inc | $9K | 9.35% |
| Barclays Capital | $8K | 8.22% |
| Robert W Baird | $7K | 7.27% |
| UBS Warburg | $6K | 5.63% |
AVGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets | $503.2M | 82.02% |
| BMO Capital Markets | $108.4M | 17.67% |
| Toronto-Dominion Corp | $1.9M | 0.31% |
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.