VVSVX Fees and Costs — Venerable US Large Cap Strategic Equity Fund, Class V
Data updated: 2026-08-26
The net expense ratio is 1.00%: a 0.60% management fee, a 0.30% 12b-1 fee plus 0.14% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.1M in broker commissions, 0.0317% of average net assets, and portfolio turnover was 57%.
VVSVX Fees and Expenses
Annual operating expenses and sales charges of VVSVX. Prospectus, as of July 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.14% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.00% |
| 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 |
VVSVX Costs Over Time
On $10,000 invested in VVSVX, assuming 5% a year before costs, total costs come to $645 over 5 years, cutting the return by 1.08% 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 1.00%) | $105 | $327 | $568 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $355 | $645 |
| Value after costs | $10,392 | $11,222 | $12,118 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
VVSVX 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): 0.0317%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
VVSVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $204K | 19.63% |
| J.P. Morgan Securities LLC | $168K | 16.10% |
| TD Securities (USA) LLC | $158K | 15.13% |
| SG Americas Securities, LLC | $137K | 13.17% |
| Morgan Stanley & Co. LLC | $101K | 9.69% |
| Citigroup Global Markets Inc. | $96K | 9.18% |
| Nomura Securities International, Inc. | $57K | 5.52% |
| Goldman Sachs & Co. LLC | $55K | 5.31% |
| Barclays Capital Inc. | $48K | 4.57% |
| BofA Securities, Inc. | $18K | 1.69% |
VVSVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.2B | 100.00% |
Venerable US Large Cap Strategic Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VVSIX | Class I | 0.70% | — |
| VVSVX | Class V | 1.00% | — |
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.