VLEQX Fees and Costs — Villere Equity Fund, Investor Class
Data updated: 2026-09-10
The net expense ratio is 1.07% (1.37% before fee waivers). This share class carries a redemption fee of 2.00%. Portfolio turnover was 11%.
VLEQX Fees and Expenses
Annual operating expenses and sales charges of VLEQX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.30% |
| Net expense ratio | 1.07% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
VLEQX Costs Over Time
On $10,000 invested in VLEQX, assuming 5% a year before costs, total costs come to $668 over 5 years, cutting the return by 1.12% 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 1.07%) | $112 | $350 | $607 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $368 | $668 |
| Value after costs | $10,388 | $11,209 | $12,094 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
VLEQX 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
VLEQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $16K | 64.77% |
| JOHNSON RICE & COMPANY L.L.C. | $3K | 11.68% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $2K | 8.04% |
| William Blair & Company L.L.C. | $1K | 5.36% |
| D.A. DAVIDSON & CO. | $1K | 4.37% |
| STEPHENS INC. | $786 | 3.28% |
| FIDELITY BROKERAGE SERVICES LLC | $599 | 2.50% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.