VCFVX Fees and Costs — International Value Fund
Data updated: 2026-09-28
The net expense ratio is 0.78%: a 0.71% management fee plus 0.14% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $388K in broker commissions, 0.0879% of average net assets, and portfolio turnover was 66%.
VCFVX Fees and Expenses
Annual operating expenses and sales charges of VCFVX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 0.85% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.78% |
| 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 | No |
VCFVX Costs Over Time
On $10,000 invested in VCFVX, assuming 5% a year before costs, total costs come to $544 over 5 years, cutting the return by 0.91% 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 0.78%) | $82 | $256 | $444 |
| Trading costs (broker commissions) | $9 | $29 | $50 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $299 | $544 |
| Value after costs | $10,409 | $11,277 | $12,219 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
VCFVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0879%
- Total broker commissions: $388K
- Bought from dealers (principal trades, not a cost): $299.8M
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $5.2M
- Net income from securities lending: $23K (0.005% of average net assets)
VCFVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $65K | 20.08% |
| Jefferies LLC | $60K | 18.51% |
| Morgan Stanley & Co. LLC | $51K | 15.62% |
| J.P. Morgan Securities LLC | $35K | 10.68% |
| RBC Capital Markets, LLC | $32K | 9.93% |
| Citigroup Global Markets Inc. | $26K | 8.06% |
| Goldman Sachs & Co. LLC | $20K | 6.17% |
| BofA Securities, Inc. | $15K | 4.64% |
| Barclays Capital Inc. | $11K | 3.49% |
| BNP Paribas Securities Corp. | $9K | 2.82% |
VCFVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $299.3M | 99.82% |
| Canaccord Genuity LLC | $529K | 0.18% |
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.