IIVAX Fees and Costs — Transamerica Small/Mid Cap Value, Class A
Data updated: 2026-09-28
The net expense ratio is 1.20%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.20% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $303K in broker commissions, 0.0462% of average net assets, and portfolio turnover was 48%.
IIVAX Fees and Expenses
Annual operating expenses and sales charges of IIVAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.20% |
| Fee waiver | — |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
IIVAX Costs Over Time
On $10,000 invested in IIVAX, assuming 5% a year before costs, total costs come to $1,435 over 5 years, cutting the return by 2.48% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.20%) | $119 | $371 | $641 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $27 | $106 | $219 |
| Total costs | $701 | $1,041 | $1,435 |
| Value after costs | $9,799 | $10,536 | $11,328 |
| Impact on return, per year | 7.01% | 3.25% | 2.48% |
IIVAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0462%
- Total broker commissions: $303K
- Bought from dealers (principal trades, not a cost): $5.5B
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $7.9M
- Net income from securities lending: $94K (0.014% of average net assets)
IIVAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Capital Institutional Services, Inc. | $49K | 26.46% |
| Liquidnet, Inc. | $28K | 15.16% |
| State Street Global Markets, LLC | $17K | 8.98% |
| Sanford C. Bernstein & Co., LLC | $16K | 8.38% |
| Kezar Trading, LLC | $15K | 8.20% |
| RBC Capital Markets, LLC | $15K | 8.11% |
| Nomura Securities International, Inc. | $15K | 8.03% |
| Evercore Group L.L.C. | $11K | 5.72% |
| Robert W. Baird & Co. Incorporated | $11K | 5.63% |
| Stifel, Nicolaus & Company, Incorporated | $10K | 5.33% |
IIVAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $5.5B | 100.00% |
Transamerica Small/Mid Cap Value Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TASMX | Class R6 | 0.81% | none |
| TSMVX | Class I2 | 0.81% | none |
| TSVIX | Class I | 0.91% | none |
| IIVAX | Class A | 1.20% | 5.50% |
| IIVLX | Class C | 1.95% | none |
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.