VNSYX Fees and Costs — Vaughan Nelson Select Fund, Class Y
Data updated: 2026-07-29
The net expense ratio is 0.84%: a 0.66% management fee plus 0.18% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $204K in broker commissions, 0.0337% of average net assets, and portfolio turnover was 64%.
VNSYX Fees and Expenses
Annual operating expenses and sales charges of VNSYX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.84% |
| Fee waiver | — |
| Net expense ratio | 0.84% |
| 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 |
VNSYX Costs Over Time
On $10,000 invested in VNSYX, assuming 5% a year before costs, total costs come to $548 over 5 years, cutting the return by 0.92% 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 0.84%) | $88 | $276 | $479 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $301 | $548 |
| Value after costs | $10,408 | $11,275 | $12,215 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
VNSYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0337%
- Total broker commissions: $204K
- Bought from dealers (principal trades, not a cost): $3.6B
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
VNSYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Liquidnet, Inc. | $68K | 35.24% |
| Raymond James & Associates, Inc. | $39K | 19.99% |
| Nomura Securities International, Inc. | $37K | 19.21% |
| BTIG, LLC | $10K | 4.99% |
| Cantor Fitzgerald & Co. | $9K | 4.57% |
| Jefferies LLC | $8K | 4.34% |
| BofA Securities, Inc. | $8K | 4.05% |
| UBS Securities LLC | $7K | 3.64% |
| JonesTrading Institutional Services LLC | $5K | 2.39% |
| Truist Securities, Inc. | $3K | 1.59% |
VNSYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $3.6B | 100.00% |
Vaughan Nelson Select Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VNSNX | Class N | 0.72% | none |
| VNSYX | Class Y | 0.84% | none |
| VNSAX | Class A | 1.09% | 5.75% |
| VNSTX | Class T | 1.10% | 2.50% |
| VNSCX | Class C | 1.84% | 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.