CFVLX Fees and Costs — The Value Fund, Shares
Data updated: 2026-09-24
The net expense ratio is 0.64%: a 0.25% management fee plus 0.38% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $79K in broker commissions, 0.0308% of average net assets, and portfolio turnover was 52%.
CFVLX Fees and Expenses
Annual operating expenses and sales charges of CFVLX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.38% |
| Gross expense ratio | 0.64% |
| Fee waiver | — |
| Net expense ratio | 0.64% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CFVLX Costs Over Time
On $10,000 invested in CFVLX, assuming 5% a year before costs, total costs come to $422 over 5 years, cutting the return by 0.70% 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 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $70 | $231 | $422 |
| Value after costs | $10,430 | $11,345 | $12,340 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
CFVLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0308%
- Total broker commissions: $79K
- Bought from dealers (principal trades, not a cost): $67.5M
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
CFVLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $28K | 35.64% |
| Evercore Group L.L.C. | $25K | 31.19% |
| UBS Securities LLC | $21K | 26.85% |
| Renaissance Macro Securities, LLC | $5K | 5.78% |
| J.P. Morgan Securities LLC | $425 | 0.54% |
CFVLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $67.5M | 100.00% |
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.