C000258282 Fees and Costs — Venerable Small Cap Index Fund, Class V
Data updated: 2026-08-26
The net expense ratio is 0.68%: a 0.31% management fee, a 0.30% 12b-1 fee plus 0.20% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $22K in broker commissions, 0.0092% of average net assets, and portfolio turnover was 7%.
C000258282 Fees and Expenses
Annual operating expenses and sales charges of C000258282. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.31% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.68% |
| 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 | No |
C000258282 Costs Over Time
On $10,000 invested in C000258282, assuming 5% a year before costs, total costs come to $434 over 5 years, cutting the return by 0.72% 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 0.68%) | $71 | $223 | $389 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $72 | $238 | $434 |
| Value after costs | $10,428 | $11,339 | $12,329 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
C000258282 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): 0.0092%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $79.1M
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
C000258282 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $11K | 32.88% |
| Russell Investments Implementation Services, LLC | $10K | 31.45% |
| BNY Capital Markets, LLC | $3K | 9.42% |
| Jefferies LLC | $2K | 7.14% |
| Wells Fargo Securities, LLC | $2K | 5.64% |
| Morgan Stanley & Co. LLC | $2K | 4.69% |
| BofA Securities, Inc. | $1K | 3.65% |
| Goldman Sachs & Co. LLC | $1K | 3.10% |
| Nomura Securities International, Inc. | $500 | 1.54% |
| UBS Securities LLC | $156 | 0.48% |
C000258282 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $79.1M | 100.00% |
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.