VHYIX Fees and Costs — Venerable High Yield Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 0.74%: a 0.65% management fee plus 0.15% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 46%.
VHYIX Fees and Expenses
Annual operating expenses and sales charges of VHYIX. Prospectus, as of July 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.74% |
| 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 | No |
VHYIX Costs Over Time
On $10,000 invested in VHYIX, assuming 5% a year before costs, total costs come to $465 over 5 years, cutting the return by 0.78% 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 0.74%) | $78 | $243 | $423 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $255 | $465 |
| Value after costs | $10,422 | $11,321 | $12,298 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
VHYIX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $4.2B
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
VHYIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.6B | 64.06% |
| Barclays Capital Inc. | $581.1M | 14.12% |
| Citigroup Global Markets Inc. | $331.2M | 8.05% |
| Morgan Stanley & Co. LLC | $215.2M | 5.23% |
| Deutsche Bank Securities Inc. | $86.3M | 2.10% |
| Goldman Sachs & Co. LLC | $74.1M | 1.80% |
| Nomura Securities International, Inc. | $67.1M | 1.63% |
| UBS Securities LLC | $49.7M | 1.21% |
| BNY Capital Markets, LLC | $38.7M | 0.94% |
| BofA Securities, Inc. | $35.7M | 0.87% |
Venerable High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VHYIX | Class I | 0.74% | — |
| VHYVX | Class V | 1.04% | — |
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.