FSVLX Fees and Costs — Select FinTech Portfolio
Data updated: 2026-07-24
The net expense ratio is 0.74%: a 0.66% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $95K in broker commissions, 0.0943% of average net assets, and portfolio turnover was 239%.
FSVLX Fees and Expenses
Annual operating expenses and sales charges of FSVLX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FSVLX Costs Over Time
On $10,000 invested in FSVLX, assuming 5% a year before costs, total costs come to $524 over 5 years, cutting the return by 0.88% 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 0.74%) | $78 | $243 | $422 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $287 | $524 |
| Value after costs | $10,412 | $11,289 | $12,239 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
FSVLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0943%
- Total broker commissions: $95K
- Bought from dealers (principal trades, not a cost): $131K
- Portfolio turnover (prospectus): 239%
- Securities on loan, average value: $778K
- Net income from securities lending: $3K (0.003% of average net assets)
FSVLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $19K | 24.70% |
| GOLDMAN SACHS GROUP INC (THE) | $13K | 16.72% |
| BANK OF AMERICA CORPORATION | $12K | 15.98% |
| JPMORGAN CHASE and CO | $7K | 9.28% |
| UBS GROUP AG | $7K | 9.26% |
| VIRTU FINANCIAL INC | $5K | 6.81% |
| BARCLAYS PLC | $5K | 6.61% |
| NOMURA HOLDINGS INC | $3K | 4.01% |
| CITIGROUP INC | $3K | 3.43% |
| JEFFERIES FINANCIAL GROUP INC | $2K | 3.19% |
FSVLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS PLC | $97K | 73.59% |
| JEFFERIES FINANCIAL GROUP INC | $12K | 9.44% |
| GOLDMAN SACHS GROUP INC (THE) | $8K | 6.16% |
| MORGAN STANLEY | $8K | 6.09% |
| CITIGROUP INC | $6K | 4.72% |
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.