VAGIX Fees and Costs — Value Line Core Bond Fund, Investor Class
Data updated: 2025-11-12
The net expense ratio is 0.80%: a 0.30% management fee, a 0.25% 12b-1 fee plus 0.71% other expenses, less a 0.46% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 55%.
VAGIX Fees and Expenses
Annual operating expenses and sales charges of VAGIX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.71% |
| Gross expense ratio | 1.26% |
| Fee waiver | −0.46% |
| Net expense ratio | 0.80% |
| 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 |
VAGIX Costs Over Time
On $10,000 invested in VAGIX, assuming 5% a year before costs, total costs come to $502 over 5 years, cutting the return by 0.84% 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 0.80%) | $84 | $263 | $456 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $276 | $502 |
| Value after costs | $10,416 | $11,301 | $12,260 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
VAGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $60.3M
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $2K (0.005% of average net assets)
VAGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $17.7M | 29.77% |
| Morgan Stanley & Co. LLC | $16.0M | 26.78% |
| Wells Fargo Securities, LLC | $8.6M | 14.41% |
| MarketAxess Corporation | $5.7M | 9.52% |
| Jefferies LLC | $4.6M | 7.68% |
| Goldman Sachs & Co. LLC | $3.7M | 6.14% |
| Stifel, Nicolaus & Company, Incorporated | $1.5M | 2.45% |
| BNY Capital Markets, LLC | $1.2M | 1.98% |
| First Horizon Advisors, Inc. | $452K | 0.76% |
| RBC Capital Markets, LLC | $300K | 0.50% |
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.