NEJYX Fees and Costs — Vaughan Nelson Small Cap Fund, Class Y
Data updated: 2026-08-28
The net expense ratio is 1.01%: a 0.85% management fee plus 0.21% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.3M in broker commissions, 0.0996% of average net assets, and portfolio turnover was 120%.
NEJYX Fees and Expenses
Annual operating expenses and sales charges of NEJYX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.07% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
NEJYX Costs Over Time
On $10,000 invested in NEJYX, assuming 5% a year before costs, total costs come to $693 over 5 years, cutting the return by 1.17% 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 1.01%) | $106 | $331 | $573 |
| Trading costs (broker commissions) | $10 | $33 | $56 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $381 | $693 |
| Value after costs | $10,383 | $11,195 | $12,070 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
NEJYX 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): 0.0996%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): $13.8B
- Portfolio turnover (prospectus): 120%
- Securities lending: none during the year
NEJYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Liquidnet, Inc. | $740K | 62.02% |
| Nomura Securities International, Inc. | $153K | 12.82% |
| Oppenheimer & Co. Inc. | $67K | 5.62% |
| Jefferies LLC | $60K | 5.03% |
| BofA Securities, Inc. | $47K | 3.96% |
| BTIG, LLC | $38K | 3.16% |
| Morgan Stanley & Co. LLC | $30K | 2.55% |
| Piper Sandler & Co. | $20K | 1.71% |
| Keefe, Bruyette & Woods, Inc. | $19K | 1.58% |
| Stifel, Nicolaus & Company, Incorporated | $18K | 1.55% |
NEJYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $13.8B | 100.00% |
Vaughan Nelson Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VSCNX | Class N | 0.95% | none |
| NEJYX | Class Y | 1.01% | none |
| NEJTX | Class T | 1.25% | 2.50% |
| NEFJX | Class A | 1.26% | 5.75% |
| NEJCX | Class C | 2.01% | 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.