VLFVT Fees and Costs — Value Line Vip Equity Advantage Fund
Data updated: 2020-08-21
The net expense ratio is 2.81% (7.47% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $3K in broker commissions, 0.1059% of average net assets, and portfolio turnover was 86%.
VLFVT Fees and Expenses
Annual operating expenses and sales charges of VLFVT. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.40% |
| Other expenses | 5.01% |
| Gross expense ratio | 7.47% |
| Fee waiver | −4.66% |
| Net expense ratio | 2.81% |
| 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 |
VLFVT Costs Over Time
On $10,000 invested in VLFVT, assuming 5% a year before costs, total costs come to $1,755 over 5 years, cutting the return by 3.06% 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 2.81%) | $295 | $902 | $1,534 |
| Trading costs (broker commissions) | $11 | $34 | $58 |
| Lost growth on money paid in costs | $0 | $47 | $164 |
| Total costs | $306 | $983 | $1,755 |
| Value after costs | $10,194 | $10,593 | $11,007 |
| Impact on return, per year | 3.06% | 3.06% | 3.06% |
VLFVT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1059%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $1.0M
- Portfolio turnover (prospectus): 86%
- Securities lending: none during the year
VLFVT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $2K | 70.58% |
| Pershing LLC | $737 | 28.74% |
| Piper Jaffray & Co. | $17 | 0.67% |
VLFVT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.0M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.