VLEOX Fees and Costs — Value Line Small Cap Opportunities Fund, Inc., Investor Class
Data updated: 2026-09-25
The net expense ratio is 1.21%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $16K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 16%.
VLEOX Fees and Expenses
Annual operating expenses and sales charges of VLEOX. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.21% |
| Fee waiver | — |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
VLEOX Costs Over Time
On $10,000 invested in VLEOX, assuming 5% a year before costs, total costs come to $755 over 5 years, cutting the return by 1.27% 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 1.21%) | $127 | $396 | $684 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $416 | $755 |
| Value after costs | $10,373 | $11,160 | $12,008 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
VLEOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0021%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $373.8M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $65.5M
- Net income from securities lending: $58K (0.008% of average net assets)
VLEOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $5K | 30.47% |
| Nomura Securities International, Inc. | $5K | 30.10% |
| BNY Capital Markets, LLC | $3K | 16.27% |
| State Street Global Markets, LLC | $2K | 11.94% |
| BofA Securities, Inc. | $2K | 11.05% |
| William Blair & Company, L.L.C. | $27 | 0.17% |
VLEOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $369.3M | 98.81% |
| Goldman Sachs & Co. LLC | $4.5M | 1.19% |
Value Line Small Cap Opportunities Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VLEIX | Institutional Class | 0.97% | — |
| VLEOX | Investor Class | 1.21% | — |
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.