VCIGX Fees and Costs — Dividend Value Fund
Data updated: 2026-09-28
The net expense ratio is 0.67%: a 0.72% management fee plus 0.11% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $315K in broker commissions, 0.0464% of average net assets, and portfolio turnover was 95%.
VCIGX Fees and Expenses
Annual operating expenses and sales charges of VCIGX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | — |
| Other expenses | 0.11% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.67% |
| 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 |
VCIGX Costs Over Time
On $10,000 invested in VCIGX, assuming 5% a year before costs, total costs come to $451 over 5 years, cutting the return by 0.75% 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 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $247 | $451 |
| Value after costs | $10,425 | $11,329 | $12,312 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
VCIGX 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): 0.0464%
- Total broker commissions: $315K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 95%
- Securities on loan, average value: $8.4M
- Net income from securities lending: $64K (0.009% of average net assets)
VCIGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $68K | 23.14% |
| Goldman Sachs & Co. LLC | $42K | 14.20% |
| Morgan Stanley & Co. LLC | $40K | 13.67% |
| J.P. Morgan Securities LLC | $31K | 10.63% |
| Barclays Capital Inc. | $24K | 8.24% |
| Capital Institutional Services, Inc. | $24K | 8.21% |
| Jefferies LLC | $23K | 7.86% |
| Citigroup Global Markets Inc. | $17K | 5.77% |
| TD Securities (USA) LLC | $14K | 4.83% |
| BofA Securities, Inc. | $10K | 3.44% |
VCIGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.0B | 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.