VVLIX Fees and Costs — Venerable Large Cap Index Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 0.27%: a 0.15% management fee plus 0.12% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $128K in broker commissions, 0.0035% of average net assets, and portfolio turnover was 20%.
VVLIX Fees and Expenses
Annual operating expenses and sales charges of VVLIX. Prospectus, as of July 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.27% |
| Fee waiver | — |
| Net expense ratio | 0.27% |
| 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 |
VVLIX Costs Over Time
On $10,000 invested in VVLIX, assuming 5% a year before costs, total costs come to $174 over 5 years, cutting the return by 0.29% 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 0.27%) | $28 | $89 | $156 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $4 | $16 |
| Total costs | $29 | $95 | $174 |
| Value after costs | $10,471 | $11,482 | $12,589 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
VVLIX 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): 0.0035%
- Total broker commissions: $128K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
VVLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $37K | 24.37% |
| Russell Investments Implementation Services, LLC | $25K | 16.60% |
| Goldman Sachs & Co. LLC | $23K | 15.13% |
| Jefferies LLC | $22K | 14.43% |
| BNY Capital Markets, LLC | $16K | 10.24% |
| Morgan Stanley & Co. LLC | $11K | 7.50% |
| Wells Fargo Securities, LLC | $10K | 6.59% |
| UBS Securities LLC | $6K | 3.71% |
| Nomura Securities International, Inc. | $1K | 0.82% |
| Virtu Americas LLC | $934 | 0.61% |
VVLIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.3B | 100.00% |
Venerable Large Cap Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VVLIX | Class I | 0.27% | — |
| VVLVX | Class V | 0.57% | — |
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.