VVBIX Fees and Costs — Venerable Strategic Bond Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 0.57%: a 0.45% management fee plus 0.14% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $31K in broker commissions, 0.0017% of average net assets, and portfolio turnover was 122%.
VVBIX Fees and Expenses
Annual operating expenses and sales charges of VVBIX. Prospectus, as of July 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.59% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.57% |
| 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 |
VVBIX Costs Over Time
On $10,000 invested in VVBIX, assuming 5% a year before costs, total costs come to $361 over 5 years, cutting the return by 0.60% 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 0.57%) | $60 | $188 | $327 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $197 | $361 |
| Value after costs | $10,440 | $11,379 | $12,402 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
VVBIX 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): 0.0017%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $19.9B
- Portfolio turnover (prospectus): 122%
- Securities lending: none during the year
VVBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $31K | 100.00% |
VVBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $4.0B | 21.22% |
| J.P. Morgan Securities LLC | $3.9B | 20.89% |
| Morgan Stanley & Co. LLC | $2.9B | 15.42% |
| Wells Fargo Securities, LLC | $2.1B | 11.42% |
| State Street Bank and Trust Company | $1.8B | 9.48% |
| Citigroup Global Markets Inc. | $1.5B | 8.04% |
| Goldman Sachs & Co. LLC | $1.4B | 7.49% |
| BNY Capital Markets, LLC | $466.5M | 2.50% |
| MUFG Securities Americas Inc. | $333.4M | 1.79% |
| National Financial Services LLC | $329.3M | 1.76% |
Venerable Strategic Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VVBIX | Class I | 0.57% | — |
| VVBVX | Class V | 0.87% | — |
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.