ITEAX Fees and Costs — Vy(r) T. Rowe Price Equity Income Portfolio, Class ADV
Data updated: 2026-03-13
The net expense ratio is 1.21%: a 0.64% management fee plus a 0.60% 12b-1 fee, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $32K in broker commissions, 0.0109% of average net assets, and portfolio turnover was 21%.
ITEAX Fees and Expenses
Annual operating expenses and sales charges of ITEAX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.60% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.24% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.21% |
| 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 |
ITEAX Costs Over Time
On $10,000 invested in ITEAX, assuming 5% a year before costs, total costs come to $760 over 5 years, cutting the return by 1.28% 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 1.21%) | $127 | $395 | $684 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $128 | $419 | $760 |
| Value after costs | $10,372 | $11,157 | $12,003 |
| Impact on return, per year | 1.28% | 1.28% | 1.28% |
ITEAX 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): 0.0109%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $149.8M
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $784K
- Net income from securities lending: $8K (0.003% of average net assets)
ITEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $9K | 36.95% |
| GOLDMAN SACHS & CO. LLC | $3K | 10.21% |
| BMO CAPITAL MARKETS CORP. | $2K | 7.88% |
| CITIGROUP GLOBAL MARKETS INC. | $2K | 7.86% |
| J.P. Morgan Securities LLC | $2K | 7.00% |
| TD SECURITIES (USA) LLC | $2K | 6.66% |
| EVERCORE GROUP LLC | $2K | 6.39% |
| RBC CAPITAL MARKETS, LLC | $2K | 6.31% |
| MORGAN STANLEY & CO. LLC | $2K | 6.30% |
| JEFFERIES LLC | $1K | 4.45% |
ITEAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON | $63.4M | 42.35% |
| T. ROWE PRICE INVESTMENT SERVICES, INC. | $39.8M | 26.59% |
| MORGAN STANLEY & CO. LLC | $19.5M | 13.02% |
| GOLDMAN SACHS & CO. LLC | $16.3M | 10.87% |
| BOFA SECURITIES, INC. | $10.7M | 7.17% |
Vy(r) T. Rowe Price Equity Income Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ITEIX | Class I | 0.61% | — |
| IRPSX | Class S | 0.86% | — |
| ITETX | Class S2 | 1.01% | — |
| ITEAX | Class ADV | 1.21% | — |
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.