IGFAX Fees and Costs — Vy(r) Morgan Stanley Global Franchise Portfolio, Class ADV
Data updated: 2026-08-21
The net expense ratio is 1.49%: a 0.88% management fee, a 0.60% 12b-1 fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $26K in broker commissions, 0.0119% of average net assets, and portfolio turnover was 32%.
IGFAX Fees and Expenses
Annual operating expenses and sales charges of IGFAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.88% |
| 12b-1 fee | 0.60% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.49% |
| Fee waiver | — |
| Net expense ratio | 1.49% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
IGFAX Costs Over Time
On $10,000 invested in IGFAX, assuming 5% a year before costs, total costs come to $930 over 5 years, cutting the return by 1.58% 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 1.49%) | $156 | $486 | $838 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $158 | $514 | $930 |
| Value after costs | $10,342 | $11,062 | $11,833 |
| Impact on return, per year | 1.58% | 1.58% | 1.58% |
IGFAX 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): 0.0119%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $93.1M
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $88K
- Net income from securities lending: $409 (0.000% of average net assets)
IGFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $9K | 40.18% |
| HSBC SECURITIES (USA) INC. | $3K | 15.36% |
| GOLDMAN SACHS & CO. LLC | $2K | 10.30% |
| J.P. Morgan Securities LLC | $2K | 7.56% |
| JEFFERIES LLC | $1K | 6.19% |
| TD SECURITIES (USA) LLC | $1K | 5.09% |
| SG AMERICAS SECURITIES LLC | $915 | 4.16% |
| LIQUIDNET, INC. | $903 | 4.11% |
| BARCLAYS CAPITAL, INC. | $809 | 3.68% |
| BOFA SECURITIES, INC. | $741 | 3.37% |
IGFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON | $93.1M | 100.00% |
Vy(r) Morgan Stanley Global Franchise Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VPRDX | Class R6 | 0.89% | — |
| IVGTX | Class S | 1.14% | — |
| IGFSX | Class S2 | 1.29% | — |
| IGFAX | Class ADV | 1.49% | — |
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.