C000211491 Fees and Costs — Vulcan Value Partners Fund, Institutional Class
Data updated: 2025-09-10
The net expense ratio is 0.85%: a 1.00% management fee plus 0.20% other expenses, less a 0.35% fee waiver. 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%.
C000211491 Fees and Expenses
Annual operating expenses and sales charges of C000211491. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.20% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.35% |
| Net expense ratio | 0.85% |
| 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 |
C000211491 Costs Over Time
On $10,000 invested in C000211491, assuming 5% a year before costs, total costs come to $561 over 5 years, cutting the return by 0.94% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $15 | $51 |
| Total costs | $94 | $308 | $561 |
| Value after costs | $10,406 | $11,268 | $12,201 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
C000211491 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
C000211491 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.