VLIFX Fees and Costs — Value Line Mid Cap Focused Fund, Inc., Investor Class
Data updated: 2026-09-25
The net expense ratio is 1.09%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.19% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $17K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 10%.
VLIFX Fees and Expenses
Annual operating expenses and sales charges of VLIFX. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.09% |
| Fee waiver | — |
| Net expense ratio | 1.09% |
| 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 |
VLIFX Costs Over Time
On $10,000 invested in VLIFX, assuming 5% a year before costs, total costs come to $681 over 5 years, cutting the return by 1.15% 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 1.09%) | $114 | $357 | $618 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $375 | $681 |
| Value after costs | $10,385 | $11,202 | $12,082 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
VLIFX 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): 0.0009%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $827.5M
- Portfolio turnover (prospectus): 10%
- Securities on loan, average value: $27.0M
- Net income from securities lending: $25K (0.001% of average net assets)
VLIFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $5K | 29.04% |
| Goldman Sachs & Co. LLC | $5K | 28.41% |
| BNY Capital Markets, LLC | $3K | 16.37% |
| Nomura Securities International, Inc. | $2K | 13.13% |
| BofA Securities, Inc. | $2K | 12.42% |
| William Blair & Company, L.L.C. | $105 | 0.64% |
VLIFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $824.1M | 99.59% |
| Goldman Sachs & Co. LLC | $3.4M | 0.41% |
Value Line Mid Cap Focused 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 |
|---|---|---|---|
| VLMIX | Institutional Class | 0.85% | — |
| VLIFX | Investor Class | 1.09% | — |
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.