C000082314 Fees and Costs — Vulcan Value Partners Small Cap Fund, Investor Class
Data updated: 2025-09-10
The net expense ratio is 1.25% (1.37% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $452K in broker commissions, 0.2147% of average net assets, and portfolio turnover was 29%.
C000082314 Fees and Expenses
Annual operating expenses and sales charges of C000082314. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.12% |
| Net expense ratio | 1.25% |
| 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 |
C000082314 Costs Over Time
On $10,000 invested in C000082314, assuming 5% a year before costs, total costs come to $908 over 5 years, cutting the return by 1.54% 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 1.25%) | $131 | $408 | $703 |
| Trading costs (broker commissions) | $23 | $70 | $121 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $154 | $501 | $908 |
| Value after costs | $10,346 | $11,075 | $11,855 |
| Impact on return, per year | 1.54% | 1.54% | 1.54% |
C000082314 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): 0.2147%
- Total broker commissions: $452K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
C000082314 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jones Trading | $133K | 30.91% |
| BTIG, LLC | $99K | 23.01% |
| CANTOR FITZGERALD & CO. | $85K | 19.66% |
| MORGAN STANLEY | $42K | 9.68% |
| Redburn (USA) LLC | $25K | 5.74% |
| ALLIANCEBERNSTEIN INVESTMENTS, INC. | $22K | 5.08% |
| WELLS FARGO PRIME SERVICES, LLC | $9K | 2.16% |
| MKM PARTNERS LLC | $9K | 2.00% |
| Jefferies | $8K | 1.76% |
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.