VILLX Fees and Costs — Villere Balanced Fund, Investor Class
Data updated: 2026-09-10
The net expense ratio is 0.80%: a 0.75% management fee plus 0.28% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 11%.
VILLX Fees and Expenses
Annual operating expenses and sales charges of VILLX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.24% |
| 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 |
VILLX Costs Over Time
On $10,000 invested in VILLX, 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% |
VILLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
VILLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $33K | 53.63% |
| William Blair & Company L.L.C. | $13K | 21.14% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $11K | 17.19% |
| JOHNSON RICE & COMPANY L.L.C. | $2K | 3.39% |
| RBC CAPITAL MARKETS, LLC | $1K | 2.35% |
| D.A. DAVIDSON & CO. | $869 | 1.42% |
| STEPHENS INC. | $549 | 0.90% |
VILLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CHARLES SCHWAB & CO., INC. | $3.0M | 64.20% |
| CREWS & ASSOCIATES, INC. | $1.2M | 25.94% |
| PERSHING LLC | $461K | 9.86% |
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.