Expense Ratio History

VFPAX expense ratio history

Private Capital Management Value Fund, Class A

Fund company
Fundvantage
Type
Mutual fund

1.73%

In basis points
173 basis points
Yearly cost per $10,000
$173
Prospectus dated
1 September 2019, filed with the SEC; rounded to 0.01%
Last change
Raised from 1.63% on 1 September 2019

Fee over time

VFPAX expense ratio: 2.24% until 1 Sep 2011, then 2.11%; 2.11% until 1 Sep 2012, then 1.93%; 1.93% until 1 Sep 2013, then 1.88%; 1.88% until 1 Sep 2014, then 1.74%; 1.74% until 1 Sep 2015, then 1.70%; 1.70% until 1 Sep 2016, then 1.54%; 1.54% until 1 Sep 2017, then 1.59%; 1.59% until 1 Sep 2018, then 1.63%; 1.63% until 1 Sep 2019, then 1.73%; read at 1.73% on 1 Sep 2019.0.00%1.00%2.00%3.00%Mar 2011Sep 2012Mar 2014Sep 2015Mar 2017Sep 20182.24% before1.73% from 1 Sep 2019
VFPAX expense ratio: 2.24% until 1 Sep 2011, then 2.11%; 2.11% until 1 Sep 2012, then 1.93%; 1.93% until 1 Sep 2013, then 1.88%; 1.88% until 1 Sep 2014, then 1.74%; 1.74% until 1 Sep 2015, then 1.70%; 1.70% until 1 Sep 2016, then 1.54%; 1.54% until 1 Sep 2017, then 1.59%; 1.59% until 1 Sep 2018, then 1.63%; 1.63% until 1 Sep 2019, then 1.73%; read at 1.73% on 1 Sep 2019.0.00%1.00%2.00%3.00%Mar 2011Feb 2014Jan 20172.24% before1.73% from 1 Sep 2019
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 4 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
VFPAX (this page) Class A 1.73% 1.45% 1 Sep 2019
— Class C 2.45% 2.22% 1 Sep 2025
VFPIX Class I 1.45% 1.22% 1 Sep 2025
— Class R 1.95% 1.72% 1 Sep 2025

Every figure we've recorded

DateFeeWhat happened
1 Sep 2019 1.73% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2019 1.73% Raised from 1.63% to 1.73%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-09-20
1 Sep 2018 1.63% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2018 1.63% Raised from 1.59% to 1.63%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-09-21
1 Sep 2017 1.59% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2017 1.59% Raised from 1.54% to 1.59%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-09-22
1 Sep 2016 1.54% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2016 1.54% Cut from 1.70% to 1.54%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-09-20
1 Sep 2015 1.70% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-09-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Sep 2015 1.70% Cut from 1.74% to 1.70%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2015-09-17
1 Sep 2014 1.74% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2014 1.74% Cut from 1.88% to 1.74%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-09-19
1 Sep 2013 1.88% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2013 1.88% Cut from 1.93% to 1.88%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2013-09-19
1 Sep 2012 1.93% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-09-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Sep 2012 1.93% Cut from 2.11% to 1.93%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2012-09-19
1 Sep 2011 2.11% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-09-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Sep 2011 2.11% Cut from 2.24% to 2.11%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2011-09-26
15 Mar 2011 2.24% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-03-15 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.73% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$2,054 in fees over 10 years

After fees, $10,000 grows to $13,738.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$177
3 years$549
5 years$946
10 years$2,054

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 10 prospectuses for this share class since 2011. Each one is listed above with a link to the filing.

How we read fees

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