MSVVX Fees and Costs — MetLife Small Company Equity Fund, Investor Shares
Data updated: 2026-08-28
The net expense ratio is 1.24%: a 0.75% management fee, a 0.25% 12b-1 fee plus 2.19% other expenses, less a 1.96% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $32K in broker commissions, 0.1890% of average net assets, and portfolio turnover was 90%.
MSVVX Fees and Expenses
Annual operating expenses and sales charges of MSVVX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.19% |
| Gross expense ratio | 3.20% |
| Fee waiver | −1.96% |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
MSVVX Costs Over Time
On $10,000 invested in MSVVX, assuming 5% a year before costs, total costs come to $886 over 5 years, cutting the return by 1.50% 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 1.24%) | $130 | $404 | $698 |
| Trading costs (broker commissions) | $20 | $62 | $106 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $150 | $489 | $886 |
| Value after costs | $10,350 | $11,087 | $11,877 |
| Impact on return, per year | 1.50% | 1.50% | 1.50% |
MSVVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1890%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 90%
- Securities lending: none during the year
MSVVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD INC | $11K | 36.49% |
| JEFFERIES LLC | $8K | 27.02% |
| RAYMOND JAMES ASSOCIATES | $3K | 10.51% |
| STIFEL NICOLAUS AND CO | $3K | 9.01% |
| INSTINET | $3K | 8.13% |
| LIQUIDNET | $911 | 2.90% |
| PIPER SANDLER | $622 | 1.98% |
| KEYBANC | $592 | 1.89% |
| RBC DAIN RAUSCHER | $345 | 1.10% |
| JONES AND ASSOCIATES | $300 | 0.96% |
MetLife Small Company Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MSVIX | Institutional Shares | 0.99% | — |
| MSVVX | Investor Shares | 1.24% | — |
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.