VNSE Fees and Costs — Natixis Vaughan Nelson Select ETF
Data updated: 2026-08-28
The net expense ratio is 0.80%: a 0.66% management fee plus 1.21% other expenses, less a 1.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0323% of average net assets, and portfolio turnover was 72%.
VNSE Fees and Expenses
Annual operating expenses and sales charges of VNSE. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.21% |
| Gross expense ratio | 1.87% |
| Fee waiver | −1.07% |
| Net expense ratio | 0.80% |
| 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 |
VNSE Costs Over Time
On $10,000 invested in VNSE, assuming 5% a year before costs, total costs come to $522 over 5 years, cutting the return by 0.87% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $3 | $11 | $18 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $87 | $287 | $522 |
| Value after costs | $10,413 | $11,290 | $12,240 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
VNSE 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): 0.0323%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $103.9M
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
VNSE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Liquidnet, Inc. | $2K | 36.08% |
| Raymond James & Associates, Inc. | $880 | 20.25% |
| Nomura Securities International, Inc. | $568 | 13.07% |
| Jefferies LLC | $244 | 5.61% |
| UBS Securities LLC | $237 | 5.45% |
| Cantor Fitzgerald & Co. | $222 | 5.11% |
| BTIG, LLC | $216 | 4.97% |
| BofA Securities, Inc. | $214 | 4.91% |
| JonesTrading Institutional Services LLC | $114 | 2.61% |
| Truist Securities, Inc. | $85 | 1.94% |
VNSE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $97.3M | 93.61% |
| National Securities Clearing Corporation | $6.6M | 6.39% |
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.