IVRTX Fees and Costs — VY(R) CBRE Real Estate Portfolio, Class S2
Data updated: 2026-08-21
The net expense ratio is 1.15%: a 0.75% management fee, a 0.40% 12b-1 fee plus 0.25% other expenses, less a 0.25% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $174K in broker commissions, 0.1131% of average net assets, and portfolio turnover was 97%.
IVRTX Fees and Expenses
Annual operating expenses and sales charges of IVRTX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.40% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.40% |
| Fee waiver | −0.25% |
| Net expense ratio | 1.15% |
| 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 |
IVRTX Costs Over Time
On $10,000 invested in IVRTX, assuming 5% a year before costs, total costs come to $786 over 5 years, cutting the return by 1.33% 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 1.15%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $12 | $37 | $64 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $133 | $433 | $786 |
| Value after costs | $10,367 | $11,143 | $11,977 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
IVRTX 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): 0.1131%
- Total broker commissions: $174K
- Bought from dealers (principal trades, not a cost): $47.3M
- Portfolio turnover (prospectus): 97%
- Securities on loan, average value: $883K
- Net income from securities lending: $3K (0.002% of average net assets)
IVRTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $26K | 18.59% |
| EVERCORE GROUP L.L.C. | $24K | 16.79% |
| Raymond James & Associates, Inc. | $20K | 14.03% |
| PIPER SANDLER & CO. | $13K | 9.34% |
| MORGAN STANLEY & CO. LLC | $13K | 8.91% |
| J.P. Morgan Securities LLC | $12K | 8.78% |
| BTIG, LLC | $10K | 7.25% |
| UBS Securities LLC | $9K | 6.31% |
| CITIGROUP GLOBAL MARKETS INC. | $8K | 5.56% |
| RBC CAPITAL MARKETS, LLC | $6K | 4.44% |
IVRTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON | $46.3M | 97.79% |
| J.P. Morgan Securities LLC | $749K | 1.58% |
| BOFA SECURITIES, INC. | $297K | 0.63% |
VY(R) CBRE Real Estate Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IVRIX | Class I | 0.75% | — |
| IVRSX | Class S | 1.00% | — |
| IVRTX | Class S2 | 1.15% | — |
| ICRPX | 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.