USTVX Fees and Costs — Verity U.S. Treasury Fund
Data updated: 2026-08-25
The net expense ratio is 0.59%: a 0.42% management fee plus 0.33% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 29%.
USTVX Fees and Expenses
Annual operating expenses and sales charges of USTVX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | — |
| Other expenses | 0.33% |
| Gross expense ratio | 0.76% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.59% |
| 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 |
USTVX Costs Over Time
On $10,000 invested in USTVX, assuming 5% a year before costs, total costs come to $372 over 5 years, cutting the return by 0.62% 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 0.59%) | $62 | $194 | $338 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $372 |
| Value after costs | $10,438 | $11,373 | $12,391 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
USTVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $126.5M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
USTVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $115.1M | 91.00% |
| BROWNSTONE INVESTMENT GROUP LLC | $11.4M | 9.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.