ISMSX Fees and Costs — Vy(r) American Century Small-Mid Cap Value Portfolio, Class S2
Data updated: 2026-08-24
The net expense ratio is 1.25%: a 0.91% management fee, a 0.40% 12b-1 fee plus 0.30% other expenses, less a 0.36% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $85K in broker commissions, 0.0302% of average net assets, and portfolio turnover was 61%.
ISMSX Fees and Expenses
Annual operating expenses and sales charges of ISMSX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.91% |
| 12b-1 fee | 0.40% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.61% |
| Fee waiver | −0.36% |
| Net expense ratio | 1.25% |
| 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 | Yes |
ISMSX Costs Over Time
On $10,000 invested in ISMSX, assuming 5% a year before costs, total costs come to $796 over 5 years, cutting the return by 1.34% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $439 | $796 |
| Value after costs | $10,366 | $11,137 | $11,967 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
ISMSX 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): 0.0302%
- Total broker commissions: $85K
- Bought from dealers (principal trades, not a cost): $99.5M
- Portfolio turnover (prospectus): 61%
- Securities on loan, average value: $4.9M
- Net income from securities lending: $27K (0.009% of average net assets)
ISMSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $11K | 15.78% |
| MORGAN STANLEY & CO. LLC | $10K | 14.58% |
| SANFORD C. BERNSTEIN & CO., LLC | $10K | 14.54% |
| J.P. Morgan Securities LLC | $9K | 12.54% |
| CITIGROUP GLOBAL MARKETS INC. | $8K | 11.86% |
| UBS Securities LLC | $6K | 8.53% |
| BARCLAYS CAPITAL, INC. | $5K | 7.60% |
| EVERCORE GROUP L.L.C. | $4K | 6.26% |
| ROBERT W. BAIRD & CO. INC. | $3K | 4.18% |
| GOLDMAN SACHS & CO. LLC | $3K | 4.14% |
ISMSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON | $96.6M | 97.07% |
| GOLDMAN SACHS & CO. LLC | $1.1M | 1.13% |
| J.P. Morgan Securities LLC | $741K | 0.75% |
| MORGAN STANLEY & CO. LLC | $697K | 0.70% |
| CitiGroup Global Markets Inc. | $163K | 0.16% |
| KEEFE, BRUYETTE & WOODS INC. | $75K | 0.08% |
| PIPER SANDLER & CO. | $45K | 0.05% |
| STIFEL FINANCIAL CORP. | $37K | 0.04% |
| RAYMOND JAMES & ASSOCIATES, INC. | $31K | 0.03% |
Vy(r) American Century Small-Mid Cap Value Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IACIX | Class I | 0.85% | — |
| IASSX | Class S | 1.10% | — |
| ISMSX | Class S2 | 1.25% | — |
| IASAX | Class ADV | 1.35% | — |
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.