VLCGX Fees and Costs — Large Cap Core Fund
Data updated: 2026-08-14
The net expense ratio is 0.66%: a 0.64% management fee plus 0.11% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $125K in broker commissions, 0.0176% of average net assets, and portfolio turnover was 18%.
VLCGX Fees and Expenses
Annual operating expenses and sales charges of VLCGX. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | — |
| Other expenses | 0.11% |
| Gross expense ratio | 0.75% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.66% |
| 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 |
VLCGX Costs Over Time
On $10,000 invested in VLCGX, assuming 5% a year before costs, total costs come to $427 over 5 years, cutting the return by 0.71% 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 0.66%) | $69 | $217 | $378 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $234 | $427 |
| Value after costs | $10,429 | $11,343 | $12,336 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
VLCGX 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): 0.0176%
- Total broker commissions: $125K
- Bought from dealers (principal trades, not a cost): $453.7M
- Portfolio turnover (prospectus): 18%
- Securities on loan, average value: $15K
- Net income from securities lending: $731 (0.000% of average net assets)
VLCGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Macquarie Capital (USA) Inc. | $35K | 36.30% |
| Goldman Sachs & Co. LLC | $11K | 11.43% |
| Jefferies LLC | $10K | 10.26% |
| Barclays Capital Inc. | $9K | 9.18% |
| BofA Securities, Inc. | $7K | 7.51% |
| RBC Capital Markets, LLC | $6K | 6.01% |
| Citigroup Global Markets Inc. | $6K | 5.91% |
| Morgan Stanley & Co. LLC | $5K | 5.69% |
| J.P. Morgan Securities LLC | $4K | 4.06% |
| BMO Capital Markets Corp. | $4K | 3.67% |
VLCGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| T. Rowe Price Investment Services, Inc. | $282.4M | 62.25% |
| UBS Securities LLC | $156.9M | 34.59% |
| J.P. Morgan Securities LLC | $9.8M | 2.15% |
| State Street Bank and Trust Company | $2.8M | 0.62% |
| Morgan Stanley & Co. LLC | $937K | 0.21% |
| Goldman Sachs & Co. LLC | $837K | 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.