VSZEX Fees and Costs — Voya Index Solution 2040 Portfolio, Class Z
Data updated: 2026-08-21
The net expense ratio is 0.16% (0.39% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $40K in broker commissions, 0.0037% of average net assets, and portfolio turnover was 25%.
VSZEX Fees and Expenses
Annual operating expenses and sales charges of VSZEX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.21% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.39% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.16% |
| 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 |
VSZEX Costs Over Time
On $10,000 invested in VSZEX, assuming 5% a year before costs, total costs come to $104 over 5 years, cutting the return by 0.17% 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 0.16%) | $17 | $53 | $93 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $17 | $57 | $104 |
| Value after costs | $10,483 | $11,519 | $12,659 |
| Impact on return, per year | 0.17% | 0.17% | 0.17% |
VSZEX 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): 0.0037%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $83.0M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
VSZEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $14K | 35.72% |
| CITADEL SECURITIES LLC | $13K | 32.91% |
| CitiGroup Global Markets Inc. | $7K | 17.83% |
| SG AMERICAS SECURITIES LLC | $2K | 5.89% |
| J.P. Morgan Securities LLC | $1K | 2.75% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $599 | 1.56% |
| UBS Securities LLC | $413 | 1.08% |
| Raymond James & Associates, Inc. | $342 | 0.89% |
| JEFFERIES LLC | $263 | 0.69% |
| STIFEL FINANCIAL CORP. | $254 | 0.66% |
VSZEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON | $83.0M | 100.00% |
Voya Index Solution 2040 Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VSZEX | Class Z | 0.16% | — |
| IDXLX | Class I | 0.24% | — |
| IDXMX | Class S | 0.49% | — |
| IDXNX | Class S2 | 0.64% | — |
| IDXKX | Class ADV | 0.74% | — |
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.