Villere Balanced Fund inks agreement limiting net expenses to 0.99%

By Toni Weeks

San Diego, March 28 - The Villere Balanced Fund has entered into an expenses limitation agreement with its investment adviser, according to a 497 filing with the Securities and Exchange Commission.

Effective April 1, the investment adviser, St. Denis J. Villere & Co., has agreed to maintain a net expense ratio of 0.99%. Interest expenses in connection with investment activities, taxes, acquired fund fees and expenses and extraordinary expenses are not included in the fee limitation agreement.

The expense cap represents a decrease of 0.51% from the expenses limitation in effect during the fiscal year ended Aug. 31, 2011 as well as for the fiscal period through March 31, Villere said.

Villere is based in New Orleans.

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