# Villere Equity Fund (VLEQX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vleqx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2013-05-31 Under typical market conditions, the Villere Equity Fund dedicates at least 80% of its total capital—encompassing both net assets and any borrowed funds used for investment—to equity-related holdings. While its core focus is on acquiring common stock in a concentrated portfolio of approximately 20 to 30 enterprises, the fund also retains the flexibility to invest in preferred shares, rights, and warrants. Additionally, it may, on occasion, participate in initial public offerings (IPOs). The portfolio's international exposure is capped at 10% of assets, which may be invested in foreign secur... ## Key Facts | Metric | Value | |---|---| | Price | $10.13 | | Expense Ratio | 1.07% | | Assets Under Management | $32.7M | | NAV | $10.13 (2026-06-15 close) | | Holdings Count | — | | Distribution Yield (TTM) | 13.57% | | Annual Distribution (TTM) | $1.37 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $10.13 – $11.74 | | Beta | 0.93 | ## Latest Distribution - Amount: $1.3150 /share - Ex-date: 2026-06-09 - Pay date: 2026-06-09 ## Frequently Asked Questions ### What does VLEQX invest in? Under typical market conditions, the Villere Equity Fund dedicates at least 80% of its total capital—encompassing both net assets and any borrowed funds used for investment—to equity-related holdings. While its core focus is on acquiring common stock in a concentrated portfolio of approximately 20 to 30 enterprises, the fund also retains the flexibility to invest in preferred shares, rights, and warrants. Additionally, it may, on occasion, participate in initial public offerings (IPOs). The portfolio's international exposure is capped at 10% of assets, which may be invested in foreign securities via American Depositary Receipts (ADRs). ### What is the expense ratio of VLEQX? Villere Equity Fund (VLEQX) charges an expense ratio of 1.07%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is VLEQX? Villere Equity Fund (VLEQX) manages $32.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is VLEQX actively managed or an index fund? VLEQX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (VLEQX's is 1.07%) in exchange for the discretion to over- or under-weight positions. ### When was VLEQX launched? Villere Equity Fund (VLEQX) launched in May 2013 and is managed by the fund issuer. ### How has VLEQX performed? VLEQX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does VLEQX pay a dividend? Villere Equity Fund (VLEQX) currently distributes little or no income. Trailing-twelve-month yield is 13.57%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does VLEQX pay dividends? Villere Equity Fund pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is VLEQX's dividend yield? VLEQX's trailing-twelve-month yield is 13.57%, calculated from the sum of dividends over the past year divided by the current price. ### When is VLEQX's next ex-dividend date? The most recently announced ex-dividend date for VLEQX was 2026-06-09. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will VLEQX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.07% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VLEQX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VLEQX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VLEQX cost more than a fund like VOO? VLEQX is actively managed (current expense ratio 1.07%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether VLEQX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to VLEQX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VLEQX (1.07%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vleqx - Distribution history: https://www.dividenddata.com/funds/vleqx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vleqx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vleqx/expenses - Peer comparison: https://www.dividenddata.com/funds/vleqx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.