C000082313 Fees and Costs — Vulcan Value Partners Fund, Investor Class
Data updated: 2025-09-10
The net expense ratio is 1.14%: a 1.00% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $234K in broker commissions, 0.0457% of average net assets, and portfolio turnover was 56%.
C000082313 Fees and Expenses
Annual operating expenses and sales charges of C000082313. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 1.14% |
| Fee waiver | — |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000082313 Costs Over Time
On $10,000 invested in C000082313, assuming 5% a year before costs, total costs come to $739 over 5 years, cutting the return by 1.24% 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 1.14%) | $120 | $373 | $645 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $407 | $739 |
| Value after costs | $10,376 | $11,169 | $12,024 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
C000082313 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0457%
- Total broker commissions: $234K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
C000082313 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jones Trading | $66K | 29.55% |
| Redburn (USA) LLC | $32K | 14.24% |
| MORGAN STANLEY | $25K | 11.42% |
| Morgan Stanley | $25K | 11.42% |
| JEFFERIES LLC | $22K | 9.78% |
| Goldman Sachs | $17K | 7.52% |
| Cantor Fitzgerald | $14K | 6.45% |
| ALLIANCEBERNSTEIN INVESTMENTS, INC. | $8K | 3.63% |
| Barclays | $7K | 3.03% |
| JPMorgan Chase | $7K | 2.96% |
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.