VNUAX Fees and Costs — Vontobel U.S. Equity Fund, A Shares
Data updated: 2026-08-31
The net expense ratio is 0.90%: a 0.50% management fee, a 0.25% 12b-1 fee plus 3.99% other expenses, less a 3.84% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0202% of average net assets, and portfolio turnover was 10%.
VNUAX Fees and Expenses
Annual operating expenses and sales charges of VNUAX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 3.99% |
| Gross expense ratio | 4.74% |
| Fee waiver | −3.84% |
| Net expense ratio | 0.90% |
| 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 |
VNUAX Costs Over Time
On $10,000 invested in VNUAX, assuming 5% a year before costs, total costs come to $577 over 5 years, cutting the return by 0.97% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $2 | $7 | $11 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $577 |
| Value after costs | $10,403 | $11,260 | $12,186 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
VNUAX 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): 0.0202%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
VNUAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $1K | 34.35% |
| JEFFERIES LLC | $991 | 24.91% |
| UBS SECURITIES | $788 | 19.79% |
| CITIGROUP | $325 | 8.16% |
| CALYON/CLSA LTD. | $204 | 5.13% |
| GOLDMAN, SACHS & CO. | $74 | 1.86% |
| BARCLAY BANK PLC | $72 | 1.81% |
| BANCO SANTANDER | $64 | 1.62% |
| MACQUARIE CAPITAL | $50 | 1.25% |
| MORGAN STANLEY & CO, INC | $44 | 1.12% |
Vontobel U.S. Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VNUIX | Institutional Shares | 0.50% | — |
| VNUYX | Y Shares | 0.60% | — |
| VNUAX | A Shares | 0.90% | — |
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.