VVPLX Fees and Costs — Vulcan Value Partners Fund, Investor Class
Data updated: 2026-09-28
The net expense ratio is 1.10%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.14% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $163K in broker commissions, 0.0471% of average net assets, and portfolio turnover was 61%.
VVPLX Fees and Expenses
Annual operating expenses and sales charges of VVPLX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.14% |
| Gross expense ratio | 1.24% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.10% |
| 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 |
VVPLX Costs Over Time
On $10,000 invested in VVPLX, assuming 5% a year before costs, total costs come to $715 over 5 years, cutting the return by 1.20% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $120 | $394 | $715 |
| Value after costs | $10,380 | $11,182 | $12,047 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
VVPLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0471%
- Total broker commissions: $163K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
VVPLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONESTRADING | $36K | 24.66% |
| ROTHSCHILD & CO REDBURN | $28K | 19.63% |
| MORGAN STANLEY | $21K | 14.23% |
| CANTOR FITZGERALD & CO. | $20K | 13.51% |
| JPMORGAN SECURITIES LLC | $11K | 7.69% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $10K | 6.87% |
| JEFFERIES LLC | $6K | 4.24% |
| ALLIANCEBERNSTEIN INVESTMENTS, INC. | $5K | 3.27% |
| ROBERT W. BAIRD & CO. INCORPORATED | $4K | 2.99% |
| WILLIAM BLAIR | $4K | 2.90% |
Vulcan Value Partners Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VVILX | Institutional Class | 0.85% | — |
| VVPLX | Investor Class | 1.10% | — |
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.