C000259908 Fees and Costs — Venerable Emerging Markets Equity Fund, Class V
Data updated: 2026-08-26
The net expense ratio is 1.44%: a 1.01% management fee, a 0.30% 12b-1 fee plus 0.27% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $104K in broker commissions, 0.0732% of average net assets, and portfolio turnover was 14%.
C000259908 Fees and Expenses
Annual operating expenses and sales charges of C000259908. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.01% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.58% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.44% |
| 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 |
C000259908 Costs Over Time
On $10,000 invested in C000259908, assuming 5% a year before costs, total costs come to $937 over 5 years, cutting the return by 1.59% 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 1.44%) | $151 | $469 | $809 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $25 | $86 |
| Total costs | $159 | $518 | $937 |
| Value after costs | $10,341 | $11,059 | $11,826 |
| Impact on return, per year | 1.59% | 1.59% | 1.59% |
C000259908 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): 0.0732%
- Total broker commissions: $104K
- Bought from dealers (principal trades, not a cost): $186.5M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
C000259908 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $26K | 20.95% |
| Russell Investments Implementation Services, LLC | $23K | 19.22% |
| CLSA Americas, LLC | $21K | 17.59% |
| Macquarie Capital (USA) Inc. | $20K | 16.73% |
| Jefferies LLC | $14K | 11.27% |
| XP Investments US, LLC | $5K | 4.01% |
| Eurobank Ergasias Services and Holdings S.A. | $4K | 3.63% |
| BNY Capital Markets, LLC | $3K | 2.43% |
| Morgan Stanley & Co. LLC | $3K | 2.22% |
| HSBC Securities (USA) Inc. | $2K | 1.94% |
C000259908 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $186.5M | 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.